Wire
Flexsteel Industries Signs $60.2 Million Share Repurchase Agreement With Bertsch Family Members
Flexsteel Industries (FLXS) said Monday that it has signed an agreement to repurchase $60.2 million worth of shares from certain members of the Bertsch family in a privately negotiated transaction.The transaction, which includes the buybacks of about 1.28 million common shares at $47 apiece, will be funded through a combination of existing cash and debt, the company said.The deal is scheduled to close on April 28, Flexsteel said.Shares of the company were up 8.4% in Monday trading.Price: $52.25, Change: $+4.05, Percent Change: +8.40%
$FLXS
