Primark Takes Itself Off The Sales Block: Plans Share Buyback
ORGANIZATION AND MANAGEMENT
WALTHAM, Mass.--Primark has decided not to put itself up for sale. The unanimous decision was made at a board meeting after the market closed last Monday.
This follows a review of strategic alternatives launched on Dec. 8, 1997. Among the options considered was a sale of the company, business combinations, a stock buyback and continuing to operate as an independent entity.
According to Joe Kasputys, CEO and president of Primark, no substantial bids were offered. Recent share prices have valued the
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