VIENNA (Thomson Financial) - Mayr-Melnhof Karton AG said it will buy back up
to 2.2 mln of its own shares, or up to 10 pct of its current capital stock, as
part of a share repurchase programme set to run from Nov 27 this year through
Oct 25 2008.
In a press release, Mayr-Melnhof said its management board decided to make
use of its authorisation to purchase its own shares at a price that must not
exceed the average market price during the last 10 trading days prior to the
relevant purchase and also that cannot be less than half of this price.
The share repurchase programme is meant to improve the company's capital
structure, according to Mayr-Melnhof.
peter.klopf@thomson.com
pkl/jrr
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