Haggar to Resume Stock Buyback Program
November 08 2004 - 6:11PM
PR Newswire (US)
Haggar to Resume Stock Buyback Program DALLAS, Nov. 8
/PRNewswire-FirstCall/ -- Today, Haggar Clothing Co., a leading
marketer of men's clothing, announced that it will resume its stock
buyback program. The Company's management is authorized to purchase
up to a total of 3,000,000 shares of stock pursuant to a resolution
passed by the Company's Board of Directors. The amount and timing
of the repurchases will depend upon market conditions. As of
November 8, 2004, the Company had purchased 2,242,183 shares to
date. Joe Haggar, III, stated, "Our successes during fiscal 2004
have put us in a position to increase the return we deliver to our
shareholders by continuing the stock buyback program for the first
time since fiscal 2002." About Haggar Haggar Clothing Co., a wholly
owned subsidiary of Haggar Corp. (NASDAQ:HGGR), is a leading
marketer of men's casual and dress apparel and women's sportswear,
with global headquarters in Dallas, TX. Haggar markets in the
United States, United Kingdom, Canada, Mexico and Indonesia. Haggar
also holds exclusive licenses to use the Claiborne(R) trademark in
the United States to manufacture, market and sell men's shorts and
pants and to use the Kenneth Cole New York(R) and Kenneth Cole
Reaction(R) trademarks throughout the United States to manufacture,
distribute and sell men's tailored dress pants and men's
classification dress and casual pants and shorts in men's
classification pant departments. For more information visit the
Haggar website at http://www.haggar.com/ . DATASOURCE: Haggar Corp.
CONTACT: John Feray, Chief Financial Officer of Haggar Corp.,
+1-214-956-4511, or fax, +1-214-956-4239 Web site:
http://www.haggar.com/
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