WEBCO INDUSTRIES, INC. ANNOUNCES SUCCESSFUL COMPLETION OF TENDER OFFER FOR COMMON STOCK

SAND SPRINGS, Okla., Oct. 16, 2026 /PRNewswire/ -- Webco Industries, Inc. (OTC: WEBC) ("Webco" or the "Company") today announced the completion of its tender offer to purchase up to 10,000 shares of Webco's common stock, par value $0.01 per share, owned by holders as of September 30, 2026 (the "Offer").

The Offer expired at 11:59 p.m. Eastern Daylight Time on October 14, 2026.  The Company acquired a total of 11,382 shares after electing to purchase our shareholders' oversubscription to the Offer.  The total purchase price for the tendered 11,382 shares is $3,756,060, or $330 per Share.

The Company's traditional stock repurchase program, which was suspended during the Offer, will resume permitted activity on October 17, 2026.

Webco's mission is to continuously build on our strengths as we create a vibrant company for the ages.  We leverage our core values of trust and teamwork, continuously building strength, agility and innovation.  We focus on practices that support our brand such that we are 100% engaged every day to build a forever kind of company for our Trusted Teammates, customers, business partners, investors and community.  We provide high-quality carbon steel, stainless steel and other metal specialty tubing products designed to industry and customer specifications.  We have five tube production facilities in Oklahoma and Pennsylvania and eight value-added facilities in Oklahoma, Illinois, Michigan, Pennsylvania and Texas, serving customers globally.

 

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SOURCE Webco Industries, Inc.