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Alloy Steel International Completes Stock Repurchase

Steel News - Published on Thu, 11 Jul 2019

Image Source: Arcoplate
Alloy Steel International Inc announced the completion of a stock repurchase of the Company's common stock. The Company received an unsolicited offer to purchase and redeem 1,139,403 shares of the Company's issued and outstanding common stock from an independent third party. The shares were neither offered for sale by means of any form of general solicitation, advertising or tender offer nor did the Company solicit the independent third party to sell the shares to the Company.

The timing and amount of the repurchase was determined by the Company's Board of Directors based on its evaluation of market conditions and other factors. The repurchase was funded from the Company's existing cash and cash equivalents.

Source :

Posted By : Ratan Singh on Thu, 11 Jul 2019
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