This Week
  • UTC Retail Inc. grabbed the top spot on the 2014 Rochester Top 100.

  • Jean Maess is the site executive for Thomson Reuters, a top local employer.

  • UTC Retail Inc. grabbed the top spot on the 2014 Rochester Top 100.

  • Kelby Russell wants you to know: Local wines are among the world's finest.

  • The nominees for the upcoming 2014 Philanthropy Awards are profiled.

  • WebTitle Agency continues to grow following its 2012 merger with Customized Lenders Services.

Seneca Foods repurchases shares

Rochester Business Journal
August 31, 2012

Seneca Foods Corp. has repurchased shares in a private transaction totaling roughly $25 million, documents filed with the Securities and Exchange Commission show.

The deal involved the purchase of 864,334 shares from John Hancock Life Insurance Co. at $30 a share. As of Aug. 30, the company had more than 8 million shares of common stock outstanding after the transaction. Its closing share price (NasdaqGS: SENEA) was $28.61.

Seneca Foods’ board approved the repurchase, and the company is authorized to buy another 409,493 shares in the open market or in privately negotiated transactions, the SEC documents state. 

Seneca Foods ranked 30th on the most recent Rochester Business Journal list of manufacturers with 180 local workers.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google