This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IMergent Announces Preliminary Results Of Tender Offer

PHOENIX, Dec. 13, 2010 (GLOBE NEWSWIRE) -- iMergent, Inc. (AMEX:IIG), a leading provider of eCommerce software, site development, web hosting and search engine optimization for businesses and entrepreneurs, today announced the preliminary results of its modified "Dutch Auction" tender offer, which expired at 11:59 p.m., New York City time, on December 10, 2010. Based on the preliminary count 724,596 shares were properly tendered and not withdrawn at a price at or below $4.75. Based on these preliminary results, iMergent expects to purchase 724,596 common shares, at a price of $4.75 per common share for a total cost of $3,441,831, excluding fees and expenses relating to the tender offer.

The number of shares to be purchased and price per share under the tender offer are preliminary. Final results will be determined subject to confirmation by the depositary of the proper delivery of the shares validly tendered and not withdrawn. The actual number of shares to be purchased and the price per share will be announced following the completion of the confirmation process. Payment for the shares accepted for purchase, and the return of all other shares tendered and not purchased, will occur promptly thereafter. iMergent will fund the purchase of the shares in the tender offer using cash.

iMergent expects to have approximately 10,677,745 million shares of its common stock outstanding as of the time immediately following payment for the accepted shares. iMergent expects that the number of outstanding common shares will have been reduced by approximately 6.4% as a result of the purchases in the tender offer

The Depositary for the tender offer was Direct Transfer, LLC. Phoenix Advisory Partners, acted as information agent for the tender offer. Shareholders and investors who have questions or need information about the tender offer may call Phoenix Advisory Partners toll-free at (800) 576-4314 or (212) 493-3910.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,091.32 +53.35 0.30%
S&P 500 2,114.48 +5.56 0.26%
NASDAQ 5,055.8560 -4.39 -0.09%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs