CAI International, Inc Buyback
OLI recorded this information on 12/14/2015
Company:
CAI International, Inc
Buyback:
CAI buyback
Share Amount Authorized:
1,000,000
Buyback Details:
CAI International, Inc. (CAI) (NYSE:CAI), one of the world's leading transportation finance and logistics companies, today announced that its Board of Directors has approved a stock repurchase program (the "Program"). Under the Program, CAI is authorized to repurchase up to one million shares of its outstanding common stock from time to time and at prices considered appropriate by the company depending upon share price and prevailing economic and market conditions. The stock repurchases may be made in the open market, block trades or privately negotiated transactions. The primary purpose of the Program is to allow CAI the flexibility to repurchase its common stock to return value to stockholders. The number of shares of common stock actually acquired, if any, by CAI will depend on subsequent developments, corporate needs and market conditions. The Program is effective immediately, and may be suspended or discontinued at any time.
CAI International is a transportation finance company. Co. leases equipment, primarily intermodal shipping containers, to its customers. Co. also manages equipment for third-party investors. In operating its fleet, Co. leases, re-leases and disposes of equipment and contract for the repair, repositioning and storage of equipment. Co. operates in the worldwide intermodal freight container leasing industry. Intermodal freight containers, or containers, are larger, standardized steel boxes used to transport cargo by a number of means, including ship, truck and rail. Container shipping lines use containers as the primary means for packaging and transporting freight internationally.
Open the CAI Page at The Online Investor »
|
Open the CAI Page at The Online Investor (in a new window) »
Free CAI Email Alerts: Get SEC Filing Alerts Get Dividend Alerts |
Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CAI Stock Forecast Based on Zacks ABR data; powered by Xignite |