Hello from bizjournals.com! David Mueller (kawika42@mac.com) thought you might like the following article from Pacific Business News: The sender's comment about the article: First a holding company, then the CEO quits, now a stock buy back. What's Hawaiian up to? Hawaiian Airlines to buy back some stock ------------------------------------------------------------ Hawaiian Airlines plans to spend $23.5 million to buy back almost a fifth of its own stock, the company said late Thursday. The interisland carrier announced a tender offer to pay $4.25 a share for up to 5,880,000 shares, almost 17.5 percent of all outstanding shares of common stock in the airline. The stock closed on the AMEX Thursday at $3.25. The offer began Friday morning and runs until midnight, New York time, June 27. Hawaiian's majority stockholder, Airline Investors Partnership LP, owns more than 18 million shares, and said it would adjust the number of shares it tendered so that it kept a majority stake. Hawaiian chairman John Adams, who became involved with the company through his role in AIP, said the buyback "allows shareholders the opportunity to realize a portion of their investment in Hawaiian Airlines while retaining a continuing equity interest," and noted that shareholders who choose not to sell any shares will wind up with a greater interest in the company once there are fewer shares outstanding. Copyright(c) American City Business Journals Inc. All rights reserved. You can view this article on the web at: http://pacific.bizjournals.com/pacific/stories/2002/05/27/daily52.html