Trinity Industries, Inc. Repurchases 1,994,400 Shares of Common Stock
October 03 2008 - 1:32PM
PR Newswire (US)
DALLAS, Oct. 3 /PRNewswire-FirstCall/ -- Trinity Industries, Inc.
(NYSE: TRN) repurchased 1,994,400 shares of its common stock today
in a privately negotiated transaction at a price of $21.15 per
share for a total purchase of $42.2 million, including commissions.
The transaction was conducted under the Company's
previously-announced $200 million share repurchase program
authorized by its Board of Directors in December 2007. Including
open market purchases made in the third quarter, the Company has
purchased a total of 2,719,700 shares for $61.1 million, including
commissions. Trinity Industries, Inc., headquartered in Dallas,
Texas, is a multi-industry company that owns a variety of
market-leading businesses which provide products and services to
the industrial, energy, transportation, and construction sectors.
Trinity reports its financial results in five principal business
segments: the Rail Group, the Railcar Leasing and Management
Services Group, the Inland Barge Group, the Construction Products
Group, and the Energy Equipment Group. For more information, visit:
http://www.trin.net/. DATASOURCE: Trinity Industries, Inc. CONTACT:
James E. Perry, Vice President, Finance and Treasurer of Trinity
Industries, Inc., +1-214-589-8412 Web Site: http://www.trin.net/
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