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Non-Tech : Landry's Seafood (LDRY) -- Ignore unavailable to you. Want to Upgrade?


To: Brian H. who wrote (69)11/19/1998 8:42:00 PM
From: Candle stick  Respond to of 81
 
Landry's Seafoodsets $50 mln stock buyback

HOUSTON, Texas, Nov 19 (Reuters) - Landry's Seafood Restaurants Inc. said Thursday
its board has authorized the repurchase of up to $50 million of its common stock.

The company said the buybacks will be made in the open market over an unspecified period.

Landry's shares rose 11/16 to 8-3/8 on a volume of more than 1.1 million shares. Based on that price -- which is well off its
52-week high of 31-11/16 -- the plan would lead to the repurchase of about 5.9 million shares, or about 19 percent of its
outstanding shares.

biz.yahoo.com