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Stock Market & Financial Investment News

News Breaks
January 22, 2013
18:38 EDTUFIUnifi announces $50M share repurchase program
Unifi announced that its Board of Directors approved a new stock repurchase program to acquire up to $50M of the company's common stock. The new repurchase program replaces the existing program, which authorized the repurchase of up to 3,333,333 shares of common stock, but which had been suspended since November 2003.
News For UFI From The Last 14 Days
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September 5, 2014
10:14 EDTUFIUnifi unit, Hanesbrands enter long-term agreement
Effective as of September 1, Unifi Manufacturing, a subsidiary of Unifi (UFI), entered into a new long-term Yarn Purchase Agreement with Hanesbrands (HBI). The prior Yarn Purchase Agreement, dated November 6, 2009, between HBI and UMI, which had been extended through amendments while the parties negotiated the new Agreement, expired as of August 31. Pursuant to the Agreement, HBI will purchase certain yarns from UMI or other affiliates of the Registrant to fulfill a substantial portion of HBI’s Products requirements in the Western Hemisphere. The term of the Agreement will expire on June 30, 2018. However, the Agreement may be terminated earlier by either party upon the occurrence of certain specified events, such as the insolvency of the other party or a breach of the terms of the Agreement by the other party, subject to a cure period, or by HBI upon the occurrence of certain specified events, such as if UMI fails to deliver Products in conformity with HBI’s specifications, subject to a cure period, or by UMI due to nonpayment by HBI, subject to a cure period. The prices for the Products are either set forth in the Agreement or will be determined from time to time in accordance with the Agreement.

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