KERR GLASS <KMG> TO SPEND FIVE MLN DLRS ON STOCK
Kerr Glass Manufacturing Corp said it
expects to spend five mln dlrs to purchase its own stock to be
held by a new employee incentive stock owership trust formed
for the benefit of salaried employees.
    Based on yesterday's closing price of 10.50 dlrs per share,
the stock, to be bought from time to time on the open market or
in negotiated transactions, about 476,000 shares wold be
purchased, the company said. That's about 13 pct of the shares
outstanding, it added.
   
 Reuter
