CyberOptics (CYBE) Announces Final Results of Dutch Action Tender Offer
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CyberOptics Corporation (Nasdaq: CYBE) announced the final results of its modified Dutch auction tender offer, which expired at 5:00 p.m. Eastern on July 29, 2008. CyberOptics has accepted for purchase 1,500,000 shares of its common stock, or approximately 18.3% of its outstanding shares at July 29, 2008, at a purchase price of $10.00 per share. An aggregate of 1,560,490 shares was properly and not conditionally tendered and not withdrawn at a price of $10.00 or less. Accordingly, the purchase resulted in a proration factor of approximately 96.1% of the shares tendered at a price of $10.00 per share or below, other than the "odd lot" shares that were accepted for purchase without proration.
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