Aldila, Inc. intends to commence a “Dutch auction” tender offer to
acquire shares of its common stock. The golf company intends to spend
up to $7.5 million to repurchase up to 496,688 shares of common stock,
or up to 9% of the outstanding shares at a price per share not greater
than $16.85 and not less than $15.10. The tender offer is expected to
commence on August 24, and to expire at 12:00 midnight, Eastern Time,
on September 21, unless extended.
In conjunction with this program, the company is terminating its
existing stock buyback program, which it had established on July 28,
2006. Under that program, the company repurchased approximately
108,000 shares of its common stock through the use of open market
transactions.
