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Leading Brands noted that tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time prior to the expiration of the tender offer, in each case, in accordance with the procedures described in the tender offer materials.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
Dealing a potentially fatal blow to a last-ditch effort by Republicans to repeal and replace Obamacare, Senator John McCain, R-Ariz., on Friday announced his opposition to a healthcare bill drafted by Senators Lindsey Graham, R-S.C., and Bill Cassidy, R-La. Reiterating his claim that Russian meddling in last year's election is a hoax, President Donald Trump has argued that the biggest influence on the election came from the media. Trump seemed to suggest in a post on Twitter on Friday that his victory in the presidential election came despite the media's... U.S. airlines collected a record $7.1 billion in revenue from fees for checked baggage and for changing or canceling reservations, reflecting a marked increase from 2010, according to a government report. The U.S. Government Accountability Office or GOA said in a report that U.S. airlines' revenue from these two fees increased to $7.1 billion in 2016 from $6.3 billion in 2010, in constant dollars.
comments powered by Disqus
Follow RTT