Carter Hawley Plans to Buy Shares: The...
From Times staff and Wire reports
Carter Hawley Plans to Buy Shares: The profit-sharing plan of Carter Hawley Hale Stores will begin purchasing shares of the company on the open market. The company, owner of the Broadway-Southern California and four other department store chains, said about $6 million to $7 million will be available over the next six months for the purchases. The move marked a switch from last year, when Carter Hawley began issuing new shares of stock to the plan. The previous approach raised money for Carter Hawley, but was criticized in some circles for diluting share values.
