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Electronics For Imaging Announces Preliminary Results Of Modified Dutch Auction Tender Offer - Quick Facts

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

Electronics For Imaging Inc. (EFII) announced the preliminary results of its modified Dutch Auction tender offer, which expired on December 18. The company expects to purchase approximately 5,490,196 shares in the tender offer, including shares that were tendered through notice of guaranteed delivery, at $12.75 per share, for a total cost of approximately $70 million, excluding fees and expenses related to the tender offer.

The company expects to have approximately 44.5 million shares of its common stock outstanding as of the time immediately following payment for the accepted shares. Accordingly, the number of shares of the company common stock will have been reduced by approximately 11%.

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