THE INTERGROUP CORPORATION ANNOUNCES INCREASE IN SHARE REPURCHASE PROGRAM
23 Septembre 2019 - 11:25PM
The InterGroup Corporation (NASDAQ: INTG) today announced that its
Board of Directors has authorized the Company to purchase up to an
additional 120,000 shares of the Company’s common stock under its
existing stock repurchase program, reflecting the Board’s
confidence in management and the Company’s business, as well as
belief that the Company’s shares are undervalued. That action
increased the total remaining number of shares authorized for
repurchase to approximately 121,000 shares. The purchases
will be made, in the discretion of management, from time to time,
in the open market or through privately negotiated third party
transactions depending on market conditions and other factors.
Statements in this release which are not
historical facts are “forward looking statements” and “safe harbor
statements” under the Private Securities Litigation Reform Act of
1995 that involve risks and/or uncertainties, including risks
and/or uncertainties as described in the Company’s public filings
with the Securities and Exchange Commission.
CONTACT: John V.
WinfieldChairman of the Board, President and Chief Executive
OfficerTelephone: (310) 889-2500
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