Thor Buys 3.98M Shares from Thompson Estate

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December 18, 2009 by   Comments Off on Thor Buys 3.98M Shares from Thompson Estate

Thor Industries Inc. announced Thursday (Dec. 17) that it purchased shares of its common stock from the estate of Wade F. B. Thompson in a private transaction.

The estate currently holds all of the stock of the late Wade F. B. Thompson, Thor’s co-founder and former CEO, according to a news release.

Pursuant to the terms of a repurchase agreement, 3,980,000 shares of Thor’s common stock were purchased at a price of $29 per share. The repurchase transaction was evaluated and approved by directors of Thor’s board who are not affiliated with the estate. The repurchase represents 7.2% of Thor’s common stock currently outstanding. Thor used available cash to purchase the shares.

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