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Actua Corp. (ACTA) Plans $80M Modified 'Dutch Auction' Tender Offer for Common Stock

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Actua Announces Third Quarter 2016 Financial Results

November 3, 2016 7:01 AM EDT

RADNOR, Pa., Nov. 03, 2016 (GLOBE NEWSWIRE) -- Actua Corporation (Nasdaq: ACTA) (Actua) today reported its results for the third quarter ended September 30, 2016.

Highlights

Closed the sale of GovDelivery to an investor group led by Vista Equity Partners, resulting in proceeds to Actua of approximately $133 million.Expanded Actuas existing share repurchase program from $150 million to $189.8 million,... More

Actua Announces Its Intention to Commence a Modified “Dutch Auction” Tender Offer For up to $80 Million of Its Common Stock

November 3, 2016 7:00 AM EDT

RADNOR, Pa., Nov. 03, 2016 (GLOBE NEWSWIRE) -- Actua Corporation (Nasdaq: ACTA) today announced its intention to commence a modified Dutch auction tender offer to repurchase for cash certain of its outstanding shares of common stock for an aggregate purchase price of no more than $80.0 million (the tender offer).  The tender offer is expected to commence on or about November 7, 2016 and will remain open for at least 20 business days... More

FolioDynamix Announces Acquisition of Summit Advisor Solutions  

November 2, 2016 4:03 PM EDT

NEW YORK, Nov. 02, 2016 (GLOBE NEWSWIRE) -- FolioDynamix, a leading provider of wealth management technology and advisory services, today announced the acquisition of the assets of Summit Advisor Solutions (SAS), a Dallas-based firm focused on providing advisory services in the RIA market. SAS will transition its technology and advisors over to the FolioDynamix platform under the firms FDX Complete offering, which is an out-of-the-box advisory and technology solution for RIAs of any size. The move is a clear signal that FolioDynamix is committed to continued investment in growing the business organically, as well as through both strategic partnerships and... More