Charles River Associates (CRAI) Plans $30M Common Stock Tender
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Charles River Associates (CRA) Announces Commencement of Tender Offer to Purchase up to $30 Million of Its Common Stock
February 22, 2016 6:30 AM ESTBOSTON--(BUSINESS WIRE)-- Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced the commencement of a modified Dutch auction self-tender offer to purchase for cash up to $30 million in value of shares of its common stock at a price within (and including) the range of $18.00 to $19.75 per share. The closing price of CRAs common stock on Friday, February 19, 2016, the last full trading day prior to the commencement of the tender offer, was $17.14 per share.
Return-of-capital initiatives such as this buyback, and our existing... More
