Weis Markets buys 2.15M shares from Weis family trusts for $140M, a 12.3% discount to market

WEIS MARKETS INC

Purchased 2,153,846 shares at ~$65/share, aggregate $140M, from trusts of late Patricia R. Weis.
Purchase price is a 12.3% discount to June 5 close, and 15.6% discount to 30-day VWAP.
Sellers will use proceeds primarily to satisfy estate tax obligations of Patricia R. Weis estate.
After sale, Weis family continues to own ~61% of outstanding common stock.
Transaction negotiated by Special Committee of independent directors; Kroll provided fairness opinion.

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