Tennant Company Buyback
OLI recorded this information on 6/22/2015
Share Amount Authorized:
Directors of Tennant Company (NYSE:TNC) today authorized a new share repurchase program of up to one million shares of the company's common stock. This is in addition to approximately 185,000 shares remaining under its current repurchase program. Share repurchases under these programs may be made through open market and privately negotiated transactions from time to time and in amounts that management deems appropriate. The timing of share repurchases will depend upon market conditions and other corporate considerations. Tennant has approximately 18,300,000 shares outstanding.
Tennant is a manufacturer of floor cleaning equipment. Co. provides products and solutions consisting of mechanized cleaning equipment, detergent-free and other cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, and business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions. Co.'s products are used in several types of environments including retail establishments, distribution centers, factories and warehouses, public venues such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets.
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Buy (3.00 out of 4)