IPIC Group Offers to Buy $3B of BofA (BAC) Common
Tweet
Share
E-mail
Get Alerts BAC Hot Sheet
Join SI Premium – FREE
IPIC Group Ltd., a Delaware-based private investment firm, today announced that it has commenced a partial tender offer to purchase for cash up to 500,000,000 shares of the issued and outstanding common stock of Bank of America Corporation (NYSE: BAC) at a purchase price of $6.00 per share.
Subject to the satisfaction or waiver of all conditions to the offer, IPIC will pay for shares promptly after the expiration of the offer. The offer will expire at 12:00 Midnight, New York City time, on Friday, December 23, 2011, unless fewer than 500,000,000 shares are tendered on or before such date, in which event the offer will be extended until 12:00 Midnight, New York City time, on Friday, March 30, 2012. No further extensions are permitted under the offer.
Subject to the satisfaction or waiver of all conditions to the offer, IPIC will pay for shares promptly after the expiration of the offer. The offer will expire at 12:00 Midnight, New York City time, on Friday, December 23, 2011, unless fewer than 500,000,000 shares are tendered on or before such date, in which event the offer will be extended until 12:00 Midnight, New York City time, on Friday, March 30, 2012. No further extensions are permitted under the offer.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- SEC accuses ex-BofA senior banker Satsky of insider trading - Bloomberg
- CoStar Group acquires Zonda for $800M, adding new home data
- Real and RE/MAX Holdings receive court approval for merger
Create E-mail Alert Related Categories
Corporate News, Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
