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Nu Skin Completes $25 Million Stock Transaction
Posted: January 18, 2008Nu Skin Enterprises, Inc. announced that it received approximately 202,000 shares in connection with the final settlement of its November 2007 agreement to purchase $25 million of its common stock from the investment firm J.P. Morgan Securities using an accelerated share repurchase program. Including this final settlement, the company was able to retire approximately 1.48 million shares at an average purchase price of $16.90.
"We remain committed to using our financial strength to improve shareholder value and are optimistic about the direction of our business," said Truman Hunt, president and CEO, Nu Skin. "This completes one of many initiatives we have in place to generate a significant improvement in our results in 2008."