Reunion Industries gets board authorization to buy back common shares

By Caroline Salls

Pittsburgh, April 14 - Reunion Industries, Inc.'s board of directors has authorized the company to acquire shares of its common stock in open market transactions at its discretion, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

As previously reported, Reunion's plan of reorganization was confirmed on March 24 by the U.S. Bankruptcy Court for the District of Connecticut.

Reunion, a Pittsburgh-based manufacturer of metal and plastic products, filed for bankruptcy on Nov. 29, 2007. Its Chapter 11 case number is 07-50727.

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