Paul Mueller Company Board of Directors Approves Share Repurchase Program
Paul Mueller Company (OTC: MUEL) has announced a significant share repurchase program through a tender offer to buy back up to 60,000 shares at $250 per share, with a maximum aggregate purchase price of $15 million.
The tender offer will commence on March 31, 2025, and conclude on May 7, 2025, at 5:00 CDT, unless extended. Shareholders with physical certificates will receive mailed instructions from Computershare, Inc., while those holding shares in street name will be contacted by their brokers regarding the tender offer process.
The Board of Directors initiated this program to demonstrate the company's commitment to returning excess cash and providing additional liquidity to shareholders. Computershare, Inc. and Computershare Trust Company, N.A. will serve as the Depositary, with Georgeson acting as Information Agent for the tender offer.
Paul Mueller Company (OTC: MUEL) ha annunciato un significativo programma di riacquisto di azioni attraverso un'offerta pubblica di acquisto per riacquistare fino a 60.000 azioni a 250 dollari per azione, con un prezzo massimo di acquisto aggregato di 15 milioni di dollari.
L'offerta pubblica di acquisto avrà inizio il 31 marzo 2025 e si concluderà il 7 maggio 2025, alle 17:00 CDT, salvo proroghe. Gli azionisti con certificati fisici riceveranno istruzioni inviate per posta da Computershare, Inc., mentre coloro che detengono azioni in nome di strada saranno contattati dai loro broker riguardo al processo dell'offerta pubblica di acquisto.
Il Consiglio di Amministrazione ha avviato questo programma per dimostrare l'impegno dell'azienda a restituire liquidità in eccesso e fornire ulteriore liquidità agli azionisti. Computershare, Inc. e Computershare Trust Company, N.A. fungeranno da Depositario, con Georgeson che agirà come Agente Informativo per l'offerta pubblica di acquisto.
Paul Mueller Company (OTC: MUEL) ha anunciado un programa significativo de recompra de acciones a través de una oferta pública de compra para recomprar hasta 60,000 acciones a $250 por acción, con un precio máximo de compra agregado de $15 millones.
La oferta comenzará el 31 de marzo de 2025 y concluirá el 7 de mayo de 2025, a las 5:00 CDT, a menos que se extienda. Los accionistas con certificados físicos recibirán instrucciones por correo de Computershare, Inc., mientras que aquellos que tengan acciones a nombre de calle serán contactados por sus corredores sobre el proceso de la oferta pública de compra.
La Junta Directiva inició este programa para demostrar el compromiso de la empresa de devolver el efectivo excedente y proporcionar liquidez adicional a los accionistas. Computershare, Inc. y Computershare Trust Company, N.A. actuarán como Depositario, con Georgeson actuando como Agente de Información para la oferta pública de compra.
폴 뮬러 컴퍼니 (OTC: MUEL)는 최대 60,000주를 주당 250달러에 재매입하기 위한 입찰 제안을 통해 중요한 자사주 매입 프로그램을 발표했습니다. 총 매입 가격의 최대 한도는 1500만 달러입니다.
입찰 제안은 2025년 3월 31일에 시작되어 2025년 5월 7일 오후 5:00 CDT에 종료됩니다. 연장되지 않는 한, 물리적 증서를 가진 주주는 Computershare, Inc.로부터 우편으로 지침을 받게 되며, 스트리트 네임으로 주식을 보유한 주주는 브로커를 통해 입찰 제안 과정에 대한 연락을 받게 됩니다.
이사회는 잉여 현금을 주주에게 환원하고 추가 유동성을 제공하겠다는 회사의 의지를 보여주기 위해 이 프로그램을 시작했습니다. Computershare, Inc.와 Computershare Trust Company, N.A.는 예탁기관으로서 역할을 하며, Georgeson은 입찰 제안의 정보 대리인으로 활동합니다.
Paul Mueller Company (OTC: MUEL) a annoncé un programme de rachat d'actions significatif par le biais d'une offre publique d'achat pour racheter jusqu'à 60 000 actions à 250 $ par action, avec un prix d'achat total maximum de 15 millions de dollars.
L'offre publique d'achat commencera le 31 mars 2025 et se terminera le 7 mai 2025 à 17h00 CDT, sauf prolongation. Les actionnaires avec des certificats physiques recevront des instructions par courrier de Computershare, Inc., tandis que ceux détenant des actions au nom de rue seront contactés par leurs courtiers concernant le processus de l'offre publique d'achat.
Le Conseil d'Administration a lancé ce programme pour démontrer l'engagement de l'entreprise à restituer des liquidités excédentaires et à fournir une liquidité supplémentaire aux actionnaires. Computershare, Inc. et Computershare Trust Company, N.A. agiront en tant que Dépositaire, avec Georgeson agissant en tant qu'Agent d'Information pour l'offre publique d'achat.
Paul Mueller Company (OTC: MUEL) hat ein bedeutendes Aktienrückkaufprogramm durch ein öffentliches Kaufangebot angekündigt, um bis zu 60.000 Aktien zu einem Preis von 250 Dollar pro Aktie zurückzukaufen, mit einem maximalen Gesamtankaufspreis von 15 Millionen Dollar.
Das öffentliche Kaufangebot beginnt am 31. März 2025 und endet am 7. Mai 2025 um 17:00 CDT, es sei denn, es wird verlängert. Aktionäre mit physischen Zertifikaten erhalten per Post Anweisungen von Computershare, Inc., während Aktionäre, die Aktien im Straßenname halten, von ihren Maklern bezüglich des Prozesses des öffentlichen Kaufangebots kontaktiert werden.
Der Vorstand hat dieses Programm ins Leben gerufen, um das Engagement des Unternehmens zu demonstrieren, überschüssige Liquidität zurückzugeben und den Aktionären zusätzliche Liquidität bereitzustellen. Computershare, Inc. und Computershare Trust Company, N.A. werden als Depotbank fungieren, während Georgeson als Informationsagent für das öffentliche Kaufangebot tätig sein wird.
- Significant cash return to shareholders through $15 million buyback program
- Premium share repurchase price of $250 per share
- Demonstrates strong cash position and financial stability
- Potential increase in earnings per share through share count reduction
- Reduction in company's cash reserves by up to $15 million
- Decreased market float and potential reduction in stock liquidity
SPRINGFIELD, Mo., March 31, 2025 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) (the “Company”) today announced that the Board of Directors has approved a tender offer (the “Tender Offer”) to repurchase up to 60,000 shares of the Company’s common stock (“Shares”) at a purchase price of
The Tender Offer will begin on March 31, 2025, and will expire on May 7, 2025, 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 in the Company’s Offer to Purchase dated March 31, 2025 (the “Offer to Purchase”), which is being mailed to all eligible shareholders and is available at paulmueller.computersharecas.com. The Offer to Purchase should be read in conjunction with this press release. Shareholders possessing actual physical stock certificates will be mailed copies of the Offer to Purchase and instructions from the Company’s transfer agent, Computershare, Inc., beginning the week of March 31, 2025. Shareholders whose shares are held in street name by their broker will be contacted by their broker regarding the Tender Offer process.
Computershare, Inc. and its affiliate Computershare Trust Company, N.A. are serving as Depositary for the Tender Offer. Questions regarding the Tender Offer may be directed to Georgeson LLC, which is acting as Information Agent, at (833) 880-1251.
This press release is neither an offer to purchase nor a solicitation of an acceptance of securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Tender Offer is being made solely pursuant to the terms and conditions set forth in the Offer to Purchase and accompanying materials.
This press release contains forward-looking statements that provide current expectations of future events based on certain assumptions. All statements regarding future performance, growth, conditions, or developments are forward-looking statements. Actual future results may differ materially from those described in the forward-looking statement due to a variety of factors, including, but not limited to, the factors stated in the Company’s Annual Report under “Safe Harbor for Forward-Looking Statements,” which is available at paulmueller.com. The Company expressly disclaims any obligation or undertaking to update these forward-looking statements to reflect any future events or circumstances.
Press Contact: Ken Jeffries | Paul Mueller Company | Springfield, MO 65802 | (417) 575-9000
kjeffries@paulmueller.com | https://paulmueller.com
FAQ
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When does MUEL's 2025 tender offer expire?
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