RALEIGH, N.C. - GoodMark Foods Inc said Friday its board authorized the repurchase of up to an additional 500,000 shares of its common stock through the end of fiscal 1999, which ends in May of that year.
The company said it was authorized to make these purchases from time to time in open market transactions.
The previous repurchase authorization for 500,000 shares, which was announced in March 1997, was completed in September.
The company has about 7,485,000 shares outstanding.
GoodMark Foods produces and markets meat snacks. Its principal brands include Slim Jim, Penrose, and Pemmican meat snacks, and Andy Capp's grain snacks.
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