FOR IMMEDIATE RELEASE NOVEMBER 8, 1999
CONTACT:
Richard E. Leone
Manager - Investor Relations
330.544.7622
RTI
INTERNATIONAL METALS, INC. ANNOUNCES
COMMON
STOCK REPURCHASE PROGRAM
Niles, Ohio RTI International Metals, Inc., (NYSE: RTI) announced that its Board of Directors has authorized the spending of up to $15 million to repurchase shares of its Common Stock, such purchases to be made from time to time as the Companys financial condition and as market conditions warrant. Any purchases under the program may be in either open market transactions, including block purchases, or in privately negotiated transactions. The repurchase program does not include specific price targets or timetables, and is subject to termination prior to completion. At the current stock price, the Company could purchase up to approximately 10% of the Companys 20.8 million shares outstanding. RTI will use cash on hand and available borrowing to acquire the shares.
RTI International Metals, Inc., headquartered in Niles, Ohio, through its various subsidiaries, manufactures and distributes titanium and specialty metal mill products, and extruded shapes, as well as engineered systems for energy-related markets, and environmental engineering services. The Companys products are used for aerospace, industrial and consumer applications.
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