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News Breaks | | | | July 3, 2012 | | 08:16 EDT |  | SLI | SL Industries announces final results of tender offer
SL Industries announced the final results of its modified "Dutch auction" tender offer, which expired at 12:00 Midnight, New York City Time, on June 27. Based on the final count by the depositary, an aggregate of 307,202 shares of common stock were properly tendered and not withdrawn at prices at or below $13.50. Accordingly, pursuant to the terms of the Offer to Purchase, the Letter of Transmittal and applicable securities laws, the Company has accepted for purchase 307,202 shares of its common stock at a purchase price of $13.50 per share. These shares represent approximately 6.9% of the shares outstanding as of July 2. With the completion of the tender offer, the Company will have approximately 4,120,673 shares of common stock outstanding. The aggregate purchase price that will be paid by the company in connection with the tender offer is $4,147,227, excluding transaction costs. | |
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