Electronics For Imaging (EFII) Announces 4.5M Common Buyback at $11.25 Min./Share

November 20, 2009 8:08 AM EST

Electronics For Imaging, Inc. (NASDAQ: EFII) announced today that it has commenced a modified “Dutch Auction” tender offer to purchase up to 4,500,000 shares of its common stock at a price not less than $11.25 per share or more than $12.75 per share. The number of shares proposed to be purchased in the tender offer represents approximately 9% of EFI’s currently outstanding shares. The last reported sales price per share of EFI’s common stock on the NASDAQ Global Select Market on November 19, 2009 was $11.59 per share.

The tender offer will expire on December 18, 2009 at 12:00 midnight, New York City time, unless extended. Tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time on or prior to the expiration of the tender offer. The tender offer is subject to a number of terms and conditions described in the Offer to Purchase that will be distributed to stockholders.

For more details of the offer, Click Here.

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