CLARK EQUIPMENT <CKL> BUYS 1.3 MLN SHARES
Clark Equipment Co said it has
purchased 1,339,000 shares of its common stock from an investor
group led by Arthur M. Goldberg for 26.375 dlrs a share.
    It said the purchase reduces the number of shares of Clark
common stock to be purchased under its stock repurchase plan
announced March 10. At the time the company said it would buy
back 3.0 mln shares, or 16 pct of the outstanding stock.
     Clark Equipment also said the investor group agreed to
enter into a standstill agreement which prohibits members of
the group from purchasing shares of voting securities of Clark
for 10 years.
 Reuter
