Dixie Files Plan to Repurchase $5.9 Million of Its Shares
Dalton, GA, August 30, 2019-On August 27, 2019, Dixie filed an 8-K with the Securities and Exchange Commission to facilitate repurchase of up to $5.9 million of its shares pursuant to a repurchase authorization approved by its board of directors.
The repurchase plan is contingent upon completion of the sale of the Santa Ana, California Susan Street facility. The sales of the property, which consists of ten acres with one building totaling approximately 200,000 square feet, is expected to close in October.
Purchases will be managed by Raymond James & Associates.
To view Dixie's investor presentation, click here.