TriMas Increases Share Repurchase Authorization To $150 Mln
TriMas Corp. (TRS) announced an increase in its stock share repurchase authorization to $150 million, up from the $65.4 million remaining under the previous authorization. This move demonstrates the company's commitment to returning capital to shareholders and confidence in its future. TRS shares rose 1.54% to $31.56 in pre-market trading.
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TriMas Corp. (TRS), Friday announced its decision to increase the company's stock share repurchase authorization to a total of up to $150 million, adding to the $65.4 million remaining under the previous authorization.
The company expects that the recent move reflects its long-term commitment to returning capital to shareholders and the Board's confidence in TriMas' future.
In the pre-market hours, TRS is moving up 1.54 percent, to $31.56 on the Nasdaq.
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