P.A.M. Transportation Services Commences Self Tender Offer to Purchase Up To 550,000 Shares; At Price Not Less Than $15.50-$18.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
P.A.M. Transportation Services has initiated a self-tender offer to buy back up to 550,000 shares, with the price range set between $15.50 and $18.00 per share.
April 24, 2024 | 9:01 pm
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P.A.M. Transportation Services' self-tender offer to repurchase up to 550,000 shares at a price range of $15.50 to $18.00 could potentially increase the stock price in the short term.
Self-tender offers often lead to a positive short-term reaction in the stock market as they can reduce the number of shares available, potentially increasing the stock price. The specific price range set for the buyback indicates a valuation the company is willing to pay, which might be viewed positively by investors.
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