Courtesy of Benzinga.
Thor Industries, Inc. (NYSE: THO) announced today that it has entered into a repurchase agreement, dated as of January 18, 2012, to purchase 1,000,000 shares of its common stock at a price of $28.50 per share from the Estate of Wade F. B. Thompson (the “Estate”) in a private transaction. The Estate holds shares of common stock of Thor previously owned by the late Wade F. B. Thompson, Thor’s co-founder and former Chief Executive Officer. The repurchase transaction with the Estate was evaluated and approved by members of Thor’s board of directors who are not affiliated with the Estate. The transaction with the Estate was consummated on January 20, 2012.
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