Paul Mueller Company Announces an Increase in the Share Repurchase Program

Rhea-AI Summary

The Paul Mueller Company (OTC: MUEL) has announced an increase in the Share Repurchase Program, with plans to purchase shares up to $15 million. As of April 26, 2024, Computershare has received tender requests for $5.88 million of shares at $80 each. The tender offer will end on May 7, 2024.

SPRINGFIELD, Mo., April 26, 2024 (GLOBE NEWSWIRE) -- The Paul Mueller Company (OTC: MUEL) today announced that in accordance with the share tender offer announced on March 15, 2024, it will purchase shares up to the Maximum Aggregate Purchase Price of $15 million. As of April 26, 2024, Computershare, the Depository for the tender offer, has received tender requests for $5.88 million of shares at $80 a share. The tender offer ends on May 7, 2024 at 5:00 CDT.

Contact Info: 
Ken Jeffries  (417) 575-9000
kjeffries@paulmueller.com https://paulmueller.com

  

FAQ

What did Paul Mueller Company announce recently?

Paul Mueller Company announced an increase in the Share Repurchase Program, with plans to purchase shares up to $15 million.

What is the Maximum Aggregate Purchase Price set by Paul Mueller Company?

The Maximum Aggregate Purchase Price set by Paul Mueller Company is $15 million.

When does the tender offer announced by Paul Mueller Company end?

The tender offer announced by Paul Mueller Company ends on May 7, 2024, at 5:00 CDT.

How much in tender requests has Computershare received as of April 26, 2024?

As of April 26, 2024, Computershare has received tender requests for $5.88 million of shares at $80 each.