Wednesday, Aug 31, 2016
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Manor Care buys back $100 million in shares

Manor Care Inc., one of the nation's largest nursing home operators, said yesterday it has repurchased 2.6 percent of its stock for $100 million.

The downtown Toledo firm has authorization to buy back an additional $170 million in its stock, which it expects to do by December, 2007. Its shares closed up 33 cents at $46.86 in trading on the New York Stock Exchange.

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