Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Leading Brands Launches Modified Dutch Auction Tender Offer - Quick Facts

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Leading Brands noted that tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time prior to the expiration of the tender offer, in each case, in accordance with the procedures described in the tender offer materials.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

Click here to receive FREE breaking news email alerts for Leading Brands Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.