Irvine Co. Buying Stock
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NEWPORT BEACH — Irvine Co. said Friday that it plans to buy up to 1 million shares of stock in Irvine Apartment Communities Inc., its 58%-owned affiliate.
Irvine Co. said it plans to purchase the shares from time to time in open market or negotiated transactions. Irvine Apartment Communities is a real estate investment trust that controls 55 apartment communities.
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