Tru-Test major shareholder ups stake in $10 million share buyback deal

Tru-Test major shareholder ups stake in $10 million share buyback deal
By Fiona Rotherham Oct. 8 (BusinessDesk) - Agri-tech company Tru-Test Corporation has completed a $10 million share-buyback while the stake of major shareholder KTT has been boosted from 21.7 percent to 39.6 percent. KTT is a limited partnership owned by Australian private equity firm Kestrel Capital. Under the share deal approved at the private company’s recent annual meeting, Tru-Test acquired 9.5 million of its shares – 23.6 percent of its capital, at $1.05 per share. That’s the same price paid in February to competitor Gallagher Group...