Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Herman Miller to buy back $200m of its shares

Saturday 5 January 2008

Herman Miller Inc. has agreed to buy $200 million of its own shares from Morgan Stanley Inc.

The move is part of a $372 million share repurchase plan approved last year.

The Zeeland, Mich.-based company did not disclose the average purchase price or number of shares to be bought, according to a Securities and Exchange Commission filing Thursday.

A $200 million share repurchase agreement would cover about 6.8 million shares, or approximately 11 percent of shares currently outstanding, based on Friday\'s closing price of $29.50, and with nearly 61 million shares outstanding as of Dec. 1, 2007.

Herman Miller said last month that its board had approved the issuance of $200 million in senior unsecured private placement notes. The company also said it negotiated a $250 million unsecured revolving credit facility.

The stock has ranged from $23.07 to $40.79 during the past year.

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.

 

 

moreLatest News

Wednesday 20 June 2018 Steelcase Reports First Quarter Fiscal 2019 Results

- Strong order growth of 6 percent in the Americas and 7 percent in EMEA
- EMEA posts sign

Friday 15 June 2018 Estel in Asia con Aurora Group

L’italiana Estel ha firmato nei giorni scorsi un accordo pluriennale con il gruppo asiatico

Wednesday 13 June 2018 Walmart could be selling furniture knockoffs

Office furniture making giant Herman Miller believes Walmart could be selling cheaper knockoff ve

Monday 11 June 2018 Chandler to Lead Workplace Design Group Fourfront

Gary Chandler has been named chief executive of the FourFront Group, a business operating through

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England


+44 (0) 20 7688 1928