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Trex Company Announces $100 Million Accelerated Share Repurchase
WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. [NYSE:TREX], the world's largest manufacturer of wood-alternative decking and railing, today announced an agreement to purchase approximately $100 million of its outstanding common stock through an Accelerated Stock Repurchase program (“ASR”) with Wells Fargo Bank, National Association. The ASR is part of the Company's board-approved $150 million share repurchase authorization. Under the ASR agreement, the Company paid $100 million to Wells F.
