|
|
Harbinger Group Inc. Announces $50 Million Stock Repurchase Program |
The program authorizes purchases to be made from time to time in one or more open market or private transactions. The manner of purchase, the number of shares to be purchased and the timing of purchases will be based on the price of HGI’s common stock, general business and market conditions and applicable legal requirements, and is subject to the discretion of HGI’s management. The program does not require HGI to purchase any specific number of shares or any shares at all, and may be suspended, discontinued or re-instituted at any time without prior notice. Forward Looking Statements
“Safe Harbor” Statement Under the Private Securities Litigation Reform
Act of 1995: Some of the statements contained in the Press Release and
certain oral statements made by our representatives from time to time
regarding the matters described herein, including the completion of the
stock repurchase program and its related terms, are or may be
forward-looking statements. Such forward-looking statements are based
upon management’s current expectations that are subject to risks and
uncertainties that could cause actual results, events and developments
to differ materially from those set forth in or implied by such
forward-looking statements. These statements and other forward-looking
statements made from time-to-time by HGI and its representatives
describing the stock repurchase program and future plans, strategies and
expectations of HGI, and are generally identifiable by use of the words
“believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,”
“estimates,” “projects,” “may” or similar expressions. Factors that
could cause actual results, events and developments to differ include,
without limitation, capital market conditions, the ability of HGI’s
subsidiaries (including, target businesses following their acquisition)
to generate sufficient net income and cash flows to make upstream cash
distributions, HGI and its subsidiaries ability to identify any suitable
future acquisition opportunities, efficiencies/cost avoidance, cost
savings, income and margins, growth, economies of scale, combined
operations, future economic performance, conditions to, and the
timetable for, completing the integration of financial reporting of
acquired or target businesses with HGI or HGI subsidiaries, completing
future acquisitions and dispositions, litigation, potential and
contingent liabilities, management's plans, changes in regulations,
taxes and the risks that may affect the performance of the operating
subsidiaries of HGI and those factors listed under the caption “Risk
Factors” in HGI’s most recent Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q, filed with the
About
Source:
Investors: |