Collins & Aikman Announces Continued Authorization For Stock Repurchase Program
6 January 1999
Collins & Aikman Announces Continued Authorization For Stock Repurchase ProgramCHARLOTTE, N.C., Jan. 6 -- Collins & Aikman Corporation announced today that its Board of Directors has authorized a continuation of the Company's stock repurchase program. The Company may expend up to $25 million in the aggregate during fiscal 1999 for common share repurchases. Thomas Hannah, Chief Executive Officer of Collins & Aikman Corporation, stated "The Board continues to believe our stock is an excellent investment." Collins & Aikman is a global supplier of automotive interior systems, including textile and plastic trim, acoustics and convertible top systems. The Company employs more than 15,000 employees and operates 65 manufacturing facilities in 12 countries.