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Stock Market & Financial Investment News

News Breaks
January 3, 2014
07:01 EDTLNNLindsay Corp board raises quarterly dividend by 100% to 26c per share
The company is announcing that its Board of Directors is increasing its regular quarterly cash dividend by 100% to 26c per share, payable February 28, 2014, to shareholders of record on February 14, 2014. The company is announcing that its Board of Directors has replaced its existing share repurchase authorization with an increased authorization to repurchase up to $150M of common stock. The authorization is in support of the company’s plans to opportunistically repurchase $100M-$150M of common stock over the next 24 months. Priorities for uses of cash include: Investment in organic growth including capital expenditures and expansion of international markets, Annual increases in dividends to shareholders, Synergistic water related acquisitions that provide attractive returns to shareholders, and Opportunistic share repurchases taking into account cyclical and seasonal fluctuations.
News For LNN From The Last 14 Days
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January 23, 2015
07:02 EDTLNNLindsay Corp. comples acquisition of Elecsys
Lindsay Corporation (LNN) announced the completion of its acquisition of Elecsys Corporation (ESYS), a provider of machine-to-machine technology solutions and custom electronic systems. Elecsys shareholders will receive $17.50 per share in cash for each share of common stock they owned as of the effective time of the merger, without interest and less any applicable withholding taxes. The agreement was announced on November 4, 2014 and approved at a special meeting of Elecsys stockholders held on January 22, 2015 by over 99% of shares voted. Headquartered in Olathe, KS, Elecsys will continue to be operated by its current management team. As a result of the merger, the common stock of Elecsys will no longer be listed for trading on the NASDAQ exchange as of January 23.

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