Exhibit (a)(1)(H) MEMORANDUM -------------------------------------------------- ------------------------------ DATE: March 19, 2004 TO: All Toro Employees FROM: Kendrick B. Melrose SUBJECT: TENDER OFFER FOR TORO STOCK By now most of you have read the...Toro Co • March 22nd, 2004 • Lawn & garden tractors & home lawn & gardens equip
By now most of you have read the announcement that the Company is conducting a Dutch Auction Self Tender Offer to purchase up to 2,500,000 shares of Toro stock for a price that Toro will determine between $56.50 and $60.00 per share. All shares that Toro purchases under the Tender Offer will be purchased at the same price. As a stockholder and as a participant in a Toro retirement plan which owns Toro stock, you will be receiving in the mail a number of legal documents in connection with the Tender Offer including:
