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Universal Insurance Holdings Inc Announces Additional Share Repurchase

Thursday, 1 Aug 2013 04:05pm EDT 

Universal Insurance Holdings Inc announced that it has repurchased an additional 350,000 shares of the Company's common stock from Bradley I. Meier, the Company's former Chief Executive Officer, at $7.02 per share, in a privately negotiated transaction. As previously announced, the Company has a right of first refusal to purchase shares of the Company's common stock offered for sale by Mr. Meier through December 31, 2014. The repurchase price represents a discount of 10.7% from closing price of the Company's common stock. 

Company Quote

0.61 +4.92%
2 Dec 2013