ABN Emerges From Bankruptcy

Following the company's emergence from bankruptcy, its board of directors recently authorized management to repurchase up to $15 million face amount of its outstanding 103⁄8 percent debentures at a discount to par value, either in the open market or through privately negotiated block transactions.

American Banknote is a holding company, which operates through its subsidiary companies. Through these subsidiaries, it manufactures, markets and distributes a variety of secure documents, media, fulfillment and reconciliation systems.