THE VIRGINIAN-PILOT
Copyright (c) 1994, Landmark Communications, Inc.
DATE: Wednesday, November 2, 1994 TAG: 9411020406
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
SOURCE: (Staff)
LENGTH: Short : 19 lines
Dominion Resources Inc., Richmond-based parent of Virginia Power, said it plans to buy back up to 5 million of its 170 million shares of common stock. Dominion said that the repurchases will be made periodically and that the investment banking firm of Lehman Brothers will assist it. Dominion's stock has been depressed in recent months. It closed Tuesday at $36.75 a share, down 37 cents, in trading on the New York Stock Exchange. by CNB