The board of directors of Manor Care, Inc., has authorized the purchase of up to $100 million of the Toledo-based nursing home operator's common stock until Dec. 31, 2003.
The authorization, announced yesterday, is a renewal of similar authority granted in February, 2000. The share purchases may be used for internal stock options, 401(k) matching, and for possible acquisitions.
As of Nov. 30, the company had 102,361,390 common shares outstanding.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.