CompuCredit Holdings (CCRT) Reports Results of 8.25 Million Tender Offer
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CompuCredit Holdings Corporation (NASDAQ: CCRT) announced the preliminary results of its cash tender offer to purchase up to 8,250,000 shares of its outstanding common stock, no par value per share, at a purchase price of $10.00 per share. The tender offer expired at 11:59 p.m., New York City time, on September 12, 2012.
Based on the count by American Stock Transfer & Trust Company, LLC, the Depositary for the tender offer, as of the Expiration Date, 23,229,491 shares of Common Stock were validly tendered and not withdrawn in the tender offer, including 3,213,680 shares tendered through notice of guaranteed delivery.
In accordance with the terms and conditions of the tender offer and based on the count by the Depositary, CompuCredit expects to accept for payment 8,250,000 shares of Common Stock at a purchase price of $10.00 per share, for a total cost of approximately $82.5 million, excluding fees and other expenses in connection with the tender offer. The number of shares of Common Stock that CompuCredit expects to purchase represents approximately 34.9% of the shares of Common Stock outstanding.
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Based on the count by American Stock Transfer & Trust Company, LLC, the Depositary for the tender offer, as of the Expiration Date, 23,229,491 shares of Common Stock were validly tendered and not withdrawn in the tender offer, including 3,213,680 shares tendered through notice of guaranteed delivery.
In accordance with the terms and conditions of the tender offer and based on the count by the Depositary, CompuCredit expects to accept for payment 8,250,000 shares of Common Stock at a purchase price of $10.00 per share, for a total cost of approximately $82.5 million, excluding fees and other expenses in connection with the tender offer. The number of shares of Common Stock that CompuCredit expects to purchase represents approximately 34.9% of the shares of Common Stock outstanding.
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