In accordance with the terms and conditions of the tender offer, the Company has accepted for purchase a total of 164,189 shares of its common stock, representing approximately 0.62% of the Company's issued and outstanding shares, at a final purchase price of
The Company expects to have approximately 26,277,549 shares of its common stock outstanding immediately following consummation of the tender offer. The total amount of shares purchased in the tender offer reflects the Company's right to increase the tender offer by up to two percent (2%) of its outstanding shares and includes 5,000 shares tendered by a director of the Company, Mr. H.E. "Scott" Wolfe.
The Company may purchase additional shares in the future in the open market subject to market conditions and private transactions, tender offers or otherwise. Under applicable securities laws, however, the Company may not repurchase any shares until
The Company has retained
Some of the statements contained in this press release might be considered forward-looking statements. These statements identify prospective information. Forward-looking statements can be identified by words such as: "expect," "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "future," "likely," "may," "should" and similar references to future periods. Forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. These forward-looking statements are subject to a number of factors that may cause actual results to differ materially from the expectations described. Additional information about the factors that may adversely affect these forward-looking statements is contained in the Company's reports and filings with the
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For Further Information: Steven Fitzpatrick, Investor Relations, SFitzpatrick@UniversalLogistics.com