Advertisement

Wynn’s Completes Stock Repurchase

Share

Wynn’s International Inc., the Fullerton automotive parts and chemicals manufacturer, said it has acquired 224,500 shares of its common stock, or approximately 5.8% of its previously outstanding shares, under a stock repurchase program approved by the board of directors in June. That program has now been terminated.

In the most recent transaction, Wynn’s acquired 131,457 common shares from the Wynn Foundation and 68,543 shares from the estate of Carl E. Wynn, who died in February, 1988. The company said it acquired the stock at an aggregate price of $2.8 million, or $14.12 a share, Tuesday’s closing price. In addition, the company said, it previously acquired 24,500 shares for $495,635 in open-market transactions.

Advertisement