Harleysville Mutual
Insurance Company yesterday announced that its board of directors has authorized a
plan for the company to purchase up to 500,000 shares of Harleysville Group
Inc. (Nasdaq: HGIC) common stock. Harleysville Mutual currently owns 55.5
percent of the shares of Harleysville Group. On August 15, 2002, Harleysville
Group's board of directors announced a plan for the company to repurchase up
to 500,000 shares of its common stock.
Under the terms of the plans, each company may make purchases out of
internal funds in the open market or in privately negotiated transacti...
Comments