Arden Group, Inc. Announces Stock Purchase of $6.68M

Arden Group, Inc.

announced that it has purchased 90,098 shares of its Class A Common Stock in an unsolicited private transaction for an aggregate purchase price of approximately $6,684,371. The remaining number of shares authorized by the Board of Directors for purchase, subsequent to the purchase of the 90,098 shares, is 132,806 shares.