Telular (WRLS) Announces Final Results of Tender Offer
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Telular Corporation (NASDAQ: WRLS) announced the final results of its modified "Dutch Auction" tender offer to repurchase up to two million shares of common stock, which expired at 12:01 a.m., New York City time, on Tuesday, June 16, 2009.
In accordance with the terms and conditions of the tender offer, Telular accepted for purchase 2,344,857 shares of its common stock at a price of $2.25 per share, for a total cost of $5,275,928 (excluding fees and expenses relating to the tender offer). The shares accepted for purchase represent approximately 14% of Telular's outstanding shares of common stock as of June 19, 2009.
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