87.5 F
San Fernando
Friday, Apr 26, 2024

NTS Buying Back Stock

National Technical Systems, Inc., which offers testing and certification services, will repurchase 792,266 shares of its common stock from Marvin Hoffman, an executive officer of the company. The purchase will cost $3.9 million, or $4.914 per share and will amount to about 8.6 percent of the company’s common stock. The repurchase will be financed through a $4 million increase in a credit facility with Comerica Bank and First Bank.

Featured Articles

Related Articles