Hackett Group Inc Commences $35.75 Million Dutch Auction Tender Offer

Wednesday, 28 Aug 2013 08:02am EDT 

Hackett Group Inc announced that it has commenced its previously announced modified Dutch auction tender offer to purchase up to $35.75 million in value of its Common Stock at a price not greater than $6.50 nor less than $5.75 per share. The tender offer begins on August 28, 2013, and will expire on September 26, 2013, unless extended. The Company intends to pay for the share repurchase by utilizing its existing credit facility which has been increased by an additional $25 million in term loan borrowing capacity on substantially similar terms as the Company`s existing term loan. While Hackett`s Board of Directors has authorized the Company to make the tender offer, neither Hackett nor its Board of Directors make any recommendation to any stockholder as to whether to tender or refrain from tendering any stock or as to the price or prices at which stockholders may choose to tender their stock. Hackett has not authorized any person to make any such recommendation. Stockholders must decide whether to tender their stock and, if so, how much stock to tender and at what price or prices. In doing so, stockholders should carefully evaluate all of the information in the tender offer documents, when available, before making any decision with respect to the tender offer, and should consult their own financial and tax advisors. 

Company Quote

-0.21 -2.70%
30 Jan 2015