CompuCredit Holdings Corp. (CCRT) said Wednesday that it has commenced a cash tender offer for up to 8.25 million shares of its outstanding common stock at a purchase price of $10.00 per share.
The tender offer is scheduled to expire on September 12.
As of August 14, there were about 23.7 million shares of CompuCredit common stock outstanding, including about 1.7 million loaned shares.
CompuCredit shares closed Wednesday's regular trading session at $5.02, down 13 cents or 2.52, but gained $3.08 or 61.35% in after hours trading.
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