Harvard Industries Inc. says it will use some of the proceeds from the sale of its Kingston-Warren subsidiary to repurchase 762,000 shares of common stock, in an effort to boost its share price. At the end of September, Harvard had 10,234,222 shares outstanding. The move will cost Harvard $4.95 million of the $115 million it received last week from the completion of the sale of Kingston-Warren — a producer of sealing products and systems — to Hutchinson SA. In addition to buying back the ...
Premium Content (PAID Subscription Required)
"Harvard to Buy Back Stock" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642