Business Services Industry
Paula Financial Announces 500,000 Share Stock Repurchase Program
Business Wire, August 12, 1998
PASADENA, Calif.--(BUSINESS WIRE)--Aug. 12, 1998--Paula Financial (Nasdaq:PFCO) Wednesday announced that its board of directors has approved a 500,000 share stock repurchase program.
The shares are expected to be repurchased over the next 36 months through open market and/or privately negotiated purchases which may include contractual rights to purchase shares in the future.
Paula Financial is a California-based specialty underwriter and distributor of commercial insurance products which, through its subsidiary, Paula Insurance Co., is one of the largest underwriters specializing in workers' compensation insurance products and services for the agribusiness industry.
CONTACT: Paula Financial, Pasadena
Laurie Herrling, 626/304-1252
COPYRIGHT 1998 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
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