Paul Mueller Company (OTCPK:MUEL) announces a share repurchase program. Under the offer, the company will repurchase up to $10 million worth of its common stock. The shares will be repurchased at $80 per share.

The purpose of the offer is to to return excess cash and provide a supplemental source of liquidity to company's shareholders. The company may purchase up to additional $5 million worth of its stock at its discretion. The offer will be valid till May 7, 2024, unless extended by the Company.