Rexhall Will Buy Up to 100,000 Shares of Stock
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Rexhall Industries Inc., the Lancaster motor home maker, said it will purchase up to 100,000 shares of its stock in the open market. The company’s stock has traded in the $5 to $6 per share range.
Companies typically launch stock buybacks to drive up the price of shares. In late 1996, Rexhall’s stock was trading at $11 a share.
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