AFG INDUSTRIES <AFG> TO BUY BACK STOCK
AFG Industries Inc said its board
authorized management to buy back up to four mln common shares,
or 15.7 pct of the AFG stock outstanding, from time to time in
the open market.
    The company said the action was taken in light of current
market conditions.
    It also said the repurchased shares will be returned to
treasury for general corporate purposes and for use with stock
option plans.
 Reuter
