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Vicor Corp Announces Intention To Commence Modified Dutch Auction Tender Offer To Repurchase Up To $10 Million Of Common Shares


Monday, 18 Mar 2013 09:00am EDT 

Vicor Corp announced that it intends to commence a Modified Dutch Auction tender offer to repurchase shares of Common Stock, at a price no greater than $5.00 per share and no less than $4.00 per share, valued in aggregate up to $10 million. The tender offer is expected to commence on March 21, 2013, and to expire, unless extended by the Company, at 5:00 P.M., Eastern Daylight Time, on April 22, 2013. The Company will fund the purchase of tendered shares from cash on hand. On March 7, 2013, Vicor announced the final results of its earlier tender offer, which commenced on November 26, 2012, and expired on March 1, 2013, by which the Company had offered to repurchase shares of its Common Stock, at a price no greater than $5.38 per share and no less than $4.30 per share, valued in aggregate up to $20 million. 

Company Quote

12.7
0.04 +0.32%
26 Dec 2014