logo
Share SHARE
FONT-SIZE Plus   Neg

Leading Brands Launches Modified Dutch Auction Tender Offer - Quick Facts

Leading Brands, Inc. (LBIX) announced the commencement of its formerly announced modified "Dutch auction" tender offer to repurchase up to $800,000 of its common shares at a price per share not less than $4.10 and not greater than $5.00. The tender offer will expire at 5:00 p.m., New York City time, on June 18, 2012, unless extended by the company.

Leading Brands noted that tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time prior to the expiration of the tender offer, in each case, in accordance with the procedures described in the tender offer materials.

The company stated that its directors and executive officers and entities associated with them will not tender any of their common shares in the tender offer.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Electric car maker Tesla Motors Inc. (TSLA), Wednesday reported a loss for the fourth quarter that was narrower than last year. The company said it expects to start volume production of Model 3 by September. Palo Alto, California-based Tesla reported fourth-quarter loss of $121.3 million or $0.78... Canada based Maple Leaf Foods Inc. Wednesday said it has reached a definitive agreement with Brynwood Partner VI L.P. for the acquisition of Lightlife Foods Inc. The deal would be worth $140 million plus other costs. Light is a brand in U.S. for refrigerated plant based protein foods. A hedge fund is an alternative investment fund that uses pooled funds from accredited individuals or institutional investors and invests these funds in different assets with a goal of generating high returns. Hedge funds are generally accessible only to accredited or qualified investors. They cannot...
comments powered by Disqus
Follow RTT