Transcat Buyback
OLI recorded this information on 10/7/2013
Company:
Transcat
Buyback:
TRNS buyback
Shares Announced Repurchased:
696,138
Buyback Details:
Transcat, Inc. (Nasdaq:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration, repair, inspection and compliance services and distributor of professional grade handheld test, measurement and control instrumentation, announced that on October 4, 2013 it repurchased 696,138 shares of the Company's common stock from an unaffiliated shareholder in a privately-negotiated transaction for $8.10 per share for a total purchase price of approximately $5.6 million. The transaction was authorized by the Board of Directors and was paid for using Transcat's existing credit facility.
Transcat is a provider of accredited calibration services, enterprise asset management services, and distributor of handheld test, measurement and control instrumentation. Co. conduct its business through two operating segments: service (Service) and distribution (Distribution). Through its Service segment, Co. provides calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting and other related services, a majority of which are processed through its proprietary asset management system, CalTrak® and its online customer portal, C3®. Through its Distribution segment, Co. sells and rents national and proprietary brand instruments to customers globally.
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Strong Buy (4.00 out of 4) 78th percentile
(ranked higher than approx. 78% of all stocks covered)
Analysts' Target Price: TRNS Stock Forecast Based on Zacks ABR data; powered by Xignite |