Cognex Corp. (CGNX) announced a cash tender offer for certain underwater stock options. The company stated that the tender offer applies to all outstanding stock options held by eligible employees, officers and directors having an exercise price equal to or greater than $23.00 per share, which is $5.13 or 29% above the 52-week high sale price of Cognex common stock preceding the start of the offer.
The company said, if all eligible options are tendered and accepted, the total cash paid by Cognex for the options will be approximately $9.6 million. Cognex expects to make the payment from available cash on hand.
The company said it will incur a pre-tax charge of up to approximately $900 thousand upon the closing of the offer if all eligible options are tendered and accepted.
The offer commenced on November 16 and will expire on December 15.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.