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 Based on the preliminary count 724,596 shares were properly tendered and not withdrawn at a price at or below $4.75.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.
IMergent Announces Preliminary Results Of Tender Offer
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.