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Stock Market & Financial Investment News

News Breaks
May 2, 2014
07:05 EDTCAPCAI International announces purchase of 200,000 shares from founder and chairman
CAI International announced that on May 1 it agreed to purchase 200,000 shares of its common stock from its Founder and Chairman, Hiromitsu Ogawa. The stock was purchased under the previously announced stock repurchase program at a price of $21.90, which represents a modest discount to the closing price on May 1 and the shares will be subsequently retired. The retirement of these shares will not affect the public float of our equity. Mr. Ogawa’s beneficial ownership in the stock of the company has been reduced to approximately 4.8 million shares, or 21.5% of the company’s outstanding common stock.
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