Tandy Leather buys shares back - leatherbiz: Leading news site for the Leatherbiz

News

Tandy Leather buys shares back

14/08/2009

Texas-based leather wholesaler and retailer Tandy Leather Factory plans to purchase 500,000 shares of outstanding stock from its founder and former CEO, Ronald Morgan, and Mr Morgan’s wife Robin.

Mr Morgan, who stepped down on June 30, and his wife are expected to sell the shares for around $1.425 million.

The shares represent around 4.7% of the company’s total outstanding stock. The company plans to retire the shares.



Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.