	cpc cpc sees higher ings per share cpc international inc said it expects ings per share to increase over levels we are confident that will top in ings per share and are optimistic about our longer term future as well the company said in its annual report in cpc ed mln dlrs or dlrs a share on revenues of billion dlrs compared with income of mln dlrs or dlrs on sales of billion dlrs in the share figures are adjusted for a for split paid in january a share buyback program started last year reduced the number of shares outstanding to mln at year end from mln dlrs the end of adjusted for the split the food and grocery products company also said it was the subject of five stockholder lawsuits and one class action suit filed last november and december in delaware new york and new jersey the suits are related to the company s purchase of its shares from salomon brothers inc after salomon bought a block of the stock from ronald perelman who had acquired nearly mln cpc shares or pct of the company last year the suits allege the company bought the shares back at an artificially inflated price violating securities laws breaching directors fiduciary duties and wasting corporate assets cpc said the defendants which include the company its directors salomon and perelman deny all the allegations of improper conduct and are defending the suits reuter 
