Paul Mueller Company Board of Directors Approves Share Repurchase Program
MUELLER PAUL CO (MUEL)
NASDAQ:AMEX Investor Relations:
paulmueller.com/investors
Company Research
Source: GlobeNewswire
SPRINGFIELD, Mo., March 15, 2024 (GLOBE NEWSWIRE) -- The Paul Mueller Company (OTC: MUEL) (the “Company”) today announced that the Board of Directors has approved a tender offer (the “Tender Offer”) to repurchase shares of the Company’s common stock (“Shares”) at a purchase price of $80 per Share, up to $10,000,000 (the “Maximum Aggregate Purchase Price”). The Company may, at its sole option, increase the Maximum Aggregate Purchase Price for the purchase of up to an additional $5,000,000 of Shares. The Board believes that this Offer reinforces the Company’s commitment to return excess cash and provide a supplemental source of liquidity to its shareholders. The Tender Offer will begin March 15, 2024 and will expire on May 7, 2024 at 5:00 CDT, unless extended by the Company. The terms of the Tender Offer, including conditions to the Company’s obligation to accept validly tendered shares and the limited rights of shareholders to withdraw tendered Shares, are described in more detail
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