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Vicor Announces Intention To Commence Modified Dutch Auction Tender Offer

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Vicor Corp. (VICR) announced it intends to commence a "Modified Dutch Auction" tender offer to repurchase shares of common stock, at a price no greater than $5.00 per share and no less than $4.00 per share, valued in aggregate up to $10 million.

The tender offer is expected to commence on March 21, and to expire on April 22. The company will fund the purchase of tendered shares from cash on hand.

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