Tucows (TCX) Reports Results of 'Duction Auction' Offer: Buys 784K Shares at $0.60/Share
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Tucows Inc. (AMEX: TCX) announced today the final results of its modified "Dutch auction" tender offer, which expired at 5:00 p.m., New York City time, on October 2, 2009. Tucows will to purchase 784,643 shares of its Common Stock at a purchase price of $0.60 per share, for a total of $470,785.80.
Payment for shares accepted for purchase, and the return of all other shares tendered but not accepted for payment, will be made promptly by StockTrans, Inc., the depositary for the tender offer.
As a result of the completion of the tender offer and immediately following payment of the tendered shares, Tucows will have approximately 67,081,000 shares issued and outstanding.
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