|
|
Article: Track Data Corporation Announces Tender Offer for Common Stock.
- Article from:
- Business Wire
- Article date:
- August 3, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
BROOKLYN, N.Y. -- Track Data Corporation (Nasdaq: TRAC) today announced that it will commence a tender offer for up to 1 million shares of Track Data common stock. These repurchases are being funded with cash held by the Company.
On or about August 17, 2005, Track Data will commence a tender offer for up to 1 million shares, or approximately 10.6% of its outstanding common stock, at a price of $3.00 per share, or a total of $3 million if the Company purchases the maximum number of shares. Assuming the tender offer commences on August 17, 2005, the offer will expire at 12:00 midnight, New York City time, on September 16, 2005, unless Track Data extends the offer. ...