Business Services Industry
Travelers Property Casualty Corp. Announces $200 Million Share Repurchase
Business Wire, Oct 6, 1999
HARTFORD, Conn.--(BUSINESS WIRE)--Oct. 6, 1999--
Travelers Property Casualty Corp. (NYSE: TAP) today announced that it will spend up to $200 million for the repurchase of its Class A Common Shares. The repurchases may be made from time to time in the open market or through negotiated transactions.
A prior $150 million repurchase program, initiated in August 1998, is nearly complete.
Travelers Property Casualty is a leading provider of a broad range of insurance products and services for commercial markets, including workers' compensation, integrated disability, property, liability and specialty lines, and fidelity and surety bonds. The Company is also a leading provider of homeowners and auto insurance for consumers. Travelers Property Casualty is a member of Citigroup (NYSE: C), a diversified, global financial services company.
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