Harvard Industries Inc. says it will use some of the proceeds from the sale of its Kingston-Warren subsidiary to repurchase 762,000 shares of common stock, in an effort to boost its share price. At the end of September, Harvard had 10,234,222 shares outstanding. The move will cost Harvard $4.95 million of the $115 million it received last week from the completion of the sale of Kingston-Warren — a producer of sealing products and systems — to Hutchinson SA. In addition to buying back the ...
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