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Article: Garden Ridge Corporation Announces Preliminary Results of Self-Tender Offer.
- Article from:
- PR Newswire
- Article date:
- September 24, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association, Inc. 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, Sept. 24 /PRNewswire/ -- Garden Ridge Corporation (Nasdaq: GRDG) announced today the preliminary results of its self-tender offer which expired yesterday, Thursday, September 23, 1999 at 5:00 p.m. Eastern Daylight Savings Time. The Company commenced its offer to purchase up to 3,000,000 shares of its Common Stock at a price of $7.00 per share on Thursday, August 26, 1999.
Based upon a preliminary count by the Depositary, the Company expects to purchase 1,230,272 shares of its Common Stock at $7.00 per share. Assuming the Company's purchases are as expected, following the purchase of shares tendered in the offer, the Company will have 15,870,264 shares ...