NDSN to Repurchase Ten Percent of Its Outstanding Shares
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Nordson Corporation (Nasdaq: NDSN) agreed to repurchase 3,657,667 shares of Nordson common stock that represent all of the remaining shares held by Russell L. Bauknight, trustee of numerous trusts established by Evan W. Nord. Nordson agreed to repurchase the shares at today's market price, which has been reduced for the fiscal year 2005 fourth-quarter cash dividend payment on those shares. The transaction will settle on September 7, 2005 for a cash purchase price of $34.09 per share. These shares will represent approximately 10.1 percent of Nordson's outstanding shares.
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