CyberOptics Announces $15 Million 'Dutch Auction' Tender Offer
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CyberOptics Corporation (Nasdaq: CYBE) to commence a "Dutch Auction" tender offer to purchase a number of shares of its common stock that does not exceed an aggregate purchase price of $15 million. Under the proposed terms of the tender offer, CyberOptics will invite shareholders to tender their shares at prices specified by the shareholders within a range of prices that will be described in the offer materials. CyberOptics will select the lowest single per-share purchase price that will allow it to buy up to $15 million of its outstanding common stock at completion of the offer. CyberOptics indicated, however, that there is no guarantee that it will proceed with the offer or that shares tendered will be purchased.
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