Online advertising company ValueClick, Inc. (VCLK) said Tuesday that it plans to launch a tender offer to buyback up to 4.9 million employee stock options for a total cash payment of about $5.0 million in the fourth quarter. The company added that it will record a one-time, non-cash stock-based compensation charge in the third quarter.
In a filing with the Securities and Exchange Commission, or SEC, the Westlake Village, California-based company noted that it issued these shares with exercise prices ranging from $25.66 to $29.73 per share in 2007 to certain employees, officers and directors.
ValueClick expects the tender offer process to expire on September 24. The holders of eligible stock options who validly elect to participate in the tender offer will get a cash payment ranging from $0.82 to $1.23 per stock option, subsequent to the expiration of the offer.
If all options are tendered, the company will make the total cash payment of about $5.0 million in the fourth quarter of 2008, and also plans to record a one-time, non-cash stock-based compensation charge of about $36 million or $0.23 per share in the third quarter. The estimated charge was not included in the company's previously issued guidance for the third quarter and fiscal year 2008.
While announcing its second-quarter results in early August, ValueClick had said it expects third-quarter earnings per share between $0.14 and $0.15 per share, including $0.04 per share for stock-based compensation expense. Revenue for the quarter is estimated to be $150 million to $156 million.
On average, 21 analysts polled by First Call/Thomson Financial expect the company to post earnings of $0.15 per share for the quarter, while 20 analysts on revenues of $153.12 million.
The company then reiterated its fiscal 2008 earnings per share estimate between $0.69 and $0.71 per share, including the impact of approximately $0.15 per share for stock-based compensation expense. Revenue expectation for the full year is in the range of $655 million to $675 million. For the full year, analysts estimate earnings of $0.71 per share on revenues of $665.38 million.
VCLK closed Tuesday's regular trading session at $12.79, down $0.21 or 1.62%, on a volume of 1 million shares.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.