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Stock impact report

CAI International purchased 6.0% of its outstanding common shares from an affiliate of a board member [Seeking Alpha]

CAI International, Inc. (CAI) 
Last cai international, inc. earnings: 10/29 04:00 pm Check Earnings Report
US:NYSE Investor Relations: investor.capps.com/investor-relations
Company Research Source: Seeking Alpha
CAI International purchased 6.0% of its outstanding common shares from an affiliate of a board memberCAI International (NYSE:CAI) had completed the purchase of 1,225,214 shares of its common stock, or ~6.0% of its outstanding common stock, at a price of $22.81 per share from an affiliate of Andrew S. Ogawa in a privately-negotiated transaction.Victor Garcia, CAI’s President and Chief Executive Officer, commented, “We are pleased to have the opportunity to purchase in one transaction 6% of our outstanding shares. We believe we have purchased our shares at a compelling price and that this repurchase is immediately accretive to this year’s earnings per share and is in the best long-term interest of our stockholders given our strong financial position and positive outlook for our company.”Press ReleaseClick to subscribe to real-time analytics on CAINow read:CAI International: This 8.5% Fixed-To-Floating Preferred Stock Started Trading On The NYSE » Show less Read more
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