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Quigley to Repurchase One Million Shares
January 1, 2001
1 Min Read
Quigley to Repurchase One Million Shares
DOYLESTOWN, Pa.--The board of directors at The Quigley Corp. (NASDAQ:QGLY)has approved the repurchase of up to one million shares of QGLY common stock,based on market conditions. This is the latest in the company's stock buy-backprogram initiated in January 1998.
Guy Quigley, president, chairman and chief executive officer, explained thatthe board felt such a repurchase was in the best interest of shareholders due tothe current market valuation of QGLY stock. "Our plan is on schedule forbottom line benefits to begin accruing in 2001."
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