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Article: CTM Media Holdings, Inc. to Commence Issuer Tender Offer.
- Article from:
- Business Wire
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 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)
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STAMFORD, Conn. -- CTM Media Holdings, Inc. (OTC Pink Markets: CTMMA, CTMMB) today announced its intention to commence a tender offer to purchase up to thirty percent of its outstanding common stock.
CTM Media Holdings intends to offer to purchase shares of its Class A common stock and Class B common stock representing up to thirty percent (30%) of its total outstanding capital stock, at a price per share of $1.10, for a maximum aggregate purchase price of $3,069,014.
The tender offer will commence when the definitive materials (including an Offer to Purchase and Letter of Transmittal) are filed with the Securities and Exchange Commission and made ...