ClearOne

Ticker: 
CLRO
Tender Price: 
$4
Tender max: 
$5
Last Trade: 
$4.63
Potential Gain: 
-13.61%
Potential Gain Max: 
7.99%
Tender amount: 
Up to 2,000,000 shares

"If more than 2,000,000 shares are properly tendered and not properly withdrawn, we will purchase all shares tendered at or below the purchase price on a pro rata basis, except for “odd lots” (lots of less than 100 shares), which we will purchase on a priority basis, and except for each conditional tender whose condition was not met, which we will not purchase " - Source: Tender Offer Statement 08/18/2008

First discussed in the forum under CLRO odd lot tender.

Preliminary results: ClearOne expects to acquire approximately 1,344,000 shares of its common stock at a price of $5.00 per share for a total cost of approximately $6.8 million

Final results: ClearOne has accepted for purchase 1,342,620 shares of its common stock at a price of $5.00 per share, for a total cost including fees of approximately $6.75 million.

Phase: 
Cash Received
Financing: 
cash on hand
Expires: 
Sep 16 2008 - 00:00