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Article: Garden Ridge Corporation Announces Self Tender Offer for Shares of Its Common Stock.
- Article from:
- PR Newswire
- Article date:
- August 26, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. 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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HOUSTON, Aug. 26 /PRNewswire/ -- Garden Ridge Corporation (Nasdaq: GRDG) today announced that it will commence a self tender offer to purchase for cash up to 3,000,000 shares (or approximately 17.5%) of its outstanding common stock at a price of $7.00 per share (the "Offer"). The Offer commences on August 26, 1999 and will expire at 5:00 p.m. Eastern Daylight Savings Time, on September 23, 1999 (unless extended by the Company).
Garden Ridge Corporation's Chief Executive Officer and President, Paul Davies stated, "This tender offer to repurchase shares is another important step in our efforts to increase shareholder value. The Company's financial position, ...
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