TITLE

Valspar approves buyback of 2M shares

PUB. DATE
June 2007
SOURCE
Furniture/Today;6/18/2007, Vol. 31 Issue 40, p46
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Finish supplier Valspar Corp. has announced its approval to buy back the $2 million worth of shares of stock in an accelerated repurchase agreement with brokerage firm Goldman, Sachs & Co. in 2007. Goldman will borrow the shares and deliver them to Valspar, then will repurchase shares on the open market over the next four months to cover its position.
ACCESSION #
25449962

 

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