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

Friday 23 June 2017 Trump 'has spent $133,000 on White House furnishings in his first five months in office

President Donald Trump has spent more taxpayer funds on White House furnishings in the first five mo

Wednesday 7 June 2017 HNI appoints Lorenger president, Office Furniture

MUSCATINE, Iowa - HNI Corp. has appointed Jeff Lorenger to president of its Office Furniture segmen

Monday 5 June 2017 Leeds Firm Helps Save Jobs at Office Furniture Maker

Restructuring specialists from Leeds have helped safeguard a future for a £6m-turnover Oxfordshire

Sunday 28 May 2017 Steelcase's new seating aims to make hospital rooms more comfortable

GRAND RAPIDS, MI -- Patients often want their family members in their hospital rooms. Research sh

Contact Us

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


+44 (0) 20 7670 1510