RXSD Rexall Sundown Message Board

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Biotech / Medical : RXSD Rexall Sundown

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To: Dorine Essey who wrote (99)	9/29/1998 10:41:00 AM
From: Anthony Wong	Read Replies (1) of 327

Reuters' story on the buyback: Tuesday September 29, 10:04 am Eastern Time Rexall Sundown to buy back shares BOCA RATON, Fla., Sept 29 (Reuters) - Rexall Sundown Inc, a maker of nutritional supplements, said Tuesday that its board authorized the repurchase of up to $100 million of its common stock. Stock will be repurchased from time to time in the open market, or in private transactions. At Monday's closing price of $16.25, the repurchase program would allow the company to buy about 8.5 percent of the total common stock outstanding or nearly 17 percent of the shares in the public float. As of May 31, the end of its third fiscal quarter, Rexall Sundown had $99.6 million in cash and marketable securities and no long-term debt on its Balance Sheet. The repurchase authorization has no expiration date.

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