{"id":4946,"date":"2022-01-17T19:22:42","date_gmt":"2022-01-18T01:22:42","guid":{"rendered":"https:\/\/1reason.com\/re\/the-intergroup-corporation-announces-increase-in-share-repurchase-program\/4946\/"},"modified":"2022-01-18T13:22:42","modified_gmt":"2022-01-18T19:22:42","slug":"the-intergroup-corporation-announces-increase-in-share-repurchase-program","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/the-intergroup-corporation-announces-increase-in-share-repurchase-program\/4946\/","title":{"rendered":"THE INTERGROUP CORPORATION ANNOUNCES INCREASE IN SHARE REPURCHASE PROGRAM"},"content":{"rendered":"<div> That action increased the total remaining number of shares authorized for repurchase to approximately 130,000 shares. The purchases will be made, in the discretion of management, from time to time, in the open market or through privately negotiated third party transactions depending on market conditions and other factors.      <\/p>\n<p align=\"center\">* * *<\/p>\n<p align=\"justify\">Statements in this release which are not historical facts are \u201cforward looking statements\u201d and \u201csafe harbor statements\u201d under the Private Securities Litigation Reform Act of 1995 that involve risks and\/or uncertainties, including risks and\/or uncertainties as described in the Company\u2019s public filings with the Securities and Exchange Commission.<\/p>\n<table class=\"gnw_table_border_collapse hugin\" style=\"width:90%;border-collapse:collapse !important\">\n<tr>\n<td class=\"hugin gnw_align_justify\" style=\"width:14%\">CONTACT:<\/td>\n<td class=\"hugin gnw_align_justify\" style=\"width:86%\">John V. Winfield<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_align_justify\" \/>\n<td class=\"hugin gnw_align_justify\">Chairman of the Board, President and Chief Executive Officer<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_align_justify\" \/>\n<td class=\"hugin gnw_align_justify\">Telephone: (310) 889-2500<\/td>\n<\/tr>\n<\/table>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/YzdlY2RjNzItNTZkMi00ZjY1LWE5YmMtMjQ3M2JiZGNmOTQyLTUwMDA2ODQ2Mw==\/tiny\/The-Intergroup-Corporation.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"justify\">Los Angeles, California, Dec. 20, 2021 (GLOBE NEWSWIRE) &#8212; The InterGroup Corporation (NASDAQ: INTG) today announced that its Board of Directors has authorized the Company to purchase up to an additional 125,000 shares of the Company\u2019s common stock under its existing stock repurchase program, reflecting the Board\u2019s confidence in management and the Company\u2019s business, as well as belief that the Company\u2019s shares are undervalued.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4946"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=4946"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4946\/revisions"}],"predecessor-version":[{"id":4958,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4946\/revisions\/4958"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=4946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=4946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=4946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}