CLARK EQUIPMENT <CKL> BUYS 1.3 MLN SHARES Clark Equipment Co said it has purchased 1,339,000 shares of its common stock from an investor group led by Arthur M. Goldberg for 26.375 dlrs a share. It said the purchase reduces the number of shares of Clark common stock to be purchased under its stock repurchase plan announced March 10. At the time the company said it would buy back 3.0 mln shares, or 16 pct of the outstanding stock. Clark Equipment also said the investor group agreed to enter into a standstill agreement which prohibits members of the group from purchasing shares of voting securities of Clark for 10 years.