Drew authorizes share repurchases
-
- November
- 30
Drew Industries Inc., a White Plains company that provides components for recreational vehicles and manufactured homes, said its board of directors authorized the repurchase of up to 1 million shares of the company’s stock.
The company said the number of shares it buys and the timing of those purchases will be determined by market conditions and other factors. The company has 21.93 million outstanding shares.
The company said it expects to fund the share purchases with its available cash. As of Thursday, Drew had cash and cash equivalents of more than $50 million and debt of $41 million.
This entry was posted
on Friday, November 30th, 2007 at 9:44 am by Allan Drury.
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