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SPRINGFIELD, Mo. - Paul Mueller Company (OTC:MUEL), currently trading at $509 per share with a market cap of $488 million, announced Friday that its Board of Directors has approved a tender offer to repurchase up to 31,000 shares of common stock at $485 per share, with a maximum aggregate purchase price of $15,035,000. According to InvestingPro data, the company holds more cash than debt on its balance sheet, supporting this capital return initiative.
The tender offer will commence on Friday and will expire on November 21, 2025, at 5:00 p.m. CDT, unless extended by the company.
According to the company's statement, the offer aims to "return excess cash and provide a supplemental source of liquidity" to shareholders.
Shareholders with physical stock certificates will receive the Offer to Purchase document and instructions from the company's transfer agent, Computershare, Inc., beginning Friday. Those whose shares are held in street name will be contacted by their brokers regarding the tender offer process.
Computershare, Inc. and its affiliate Computershare Trust Company, N.A., are serving as the depositary for the tender offer. Georgeson LLC is acting as the information agent.
The company noted that the tender offer is subject to various conditions detailed in the Offer to Purchase document, which will be available on the company's investor relations website.
Paul Mueller Company, based in Springfield, Missouri, made the announcement in a press release statement.
In other recent news, Paul Mueller Company announced that its Board of Directors has declared a cash dividend of $0.30 per share on its outstanding common stock. The decision was made during a regular meeting of the Board of Directors on August 8, 2025, as stated in a company press release. This development highlights the company's commitment to returning value to its shareholders. While the announcement focused on dividends, it did not include any updates on earnings or revenue results. There were also no reports of mergers or acquisitions involving Paul Mueller Company at this time. Additionally, there have been no recent analyst upgrades or downgrades reported for the company. The dividend declaration serves as the primary recent development from Paul Mueller Company.
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