KVH Industries (KVHI) agreed to sell two properties in Middletown, Rhode Island, for a combined $13 million, and the company's board approved a stock buyback of as much as $10 million.
Knight Capital agreed to buy 75 Enterprise Center for $8.5 million, and a unit of Seacorp agreed to purchase 50 Enterprise Center for $4.5 million, KVH said Wednesday in a statement.
The sale of the Rhode Island facilities for $12 million, net of transaction costs, will provide for "working capital and potential strategic opportunities while also allowing us to move to a new facility better suited to our future needs," KVH Chief Executive Officer Brent Bruun said in the statement.
The stock buyback "reflects our confidence in the company's strategy, strong balance sheet and ability to leverage the strategic opportunities that lie ahead," Bruun said.
Price: 5.80, Change: -0.06, Percent Change: -1.09
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。