Paul Mueller Company Board of Directors Approves Share Repurchase Program
Rhea-AI Summary
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.
Positive
- 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
Negative
- Reduction in company's cash reserves by up to $15 million
- Decreased market float and potential reduction in stock liquidity
News Market Reaction
On the day this news was published, MUEL gained 22.62%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
What is the share price offered in MUEL's 2025 tender offer?
How many shares will MUEL repurchase in the 2025 buyback program?
When does MUEL's 2025 tender offer expire?
How can MUEL shareholders participate in the 2025 tender offer?
What is the purpose of MUEL's 2025 share repurchase program?
