Information Services Group (III) Commences Dutch Auction Tender Offer For up to $12M in Common Stock

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Go back to Information Services Group (III) Commences Dutch Auction Tender Offer For up to $12M in Common Stock

Information Services Group Announces Commencement Of Dutch Auction Tender Offer For Up To $12 Million Of Its Common Stock

March 9, 2016 4:56 PM EST

STAMFORD, Conn., March 9, 2016 /PRNewswire/ -- Information Services Group, Inc. (ISG) (NASDAQ: III), a leading technology insights, market intelligence and advisory services company, today announced that it will commence on March 10, 2016 a modified "Dutch auction" tender offer to purchase up to $12 million of its common stock, par value of $0.001 per share ("Common Stock") at a price not greater than $4.00 nor less than $3.30 per share. The Company intends to pay for the share repurchases from its existing cash balances and through the revolver on its credit facility.

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