FBR & Co. (FBRC) 'Dutch Auction' Tender Offer Falls Flat
Tweet
Share
E-mailGet Alerts FBRC Hot Sheet
Join SI Premium – FREE
FBR & Co's (Nasdaq: FBRC) accepted for purchase 4,682 shares of its common stock at a purchase price of $2.00 per share. FBR is purchasing the shares at a total cost of $9,364.00.
FBR expects to have approximately 54,883,711 shares of its common stock outstanding immediately following consummation of the tender offer.
The modified "Dutch auction" tender offer was to purchase up to five million shares at a price between $1.80 and $2.00 per share and it expired at 12:00 midnight, New York City time on December 28, 2011.
FBR expects to have approximately 54,883,711 shares of its common stock outstanding immediately following consummation of the tender offer.
The modified "Dutch auction" tender offer was to purchase up to five million shares at a price between $1.80 and $2.00 per share and it expired at 12:00 midnight, New York City time on December 28, 2011.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Reitar Logtech launches $3M share repurchase program
- Cycurion board approves $500,000 share repurchase program
- Curtiss-Wright expands 2026 share buyback program by $100M
Create E-mail Alert Related Categories
Stock BuybacksSign 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!
