ARLINGTON, Va., Dec. 19, 2012 (GLOBE NEWSWIRE) -- FBR & Co. (Nasdaq:FBRC) today announced the preliminary results of its previously announced modified "Dutch auction" tender offer to purchase up to 4 million shares of its common stock at a price between $3.25 and $3.50, which expired at 12:00 midnight, New York City time, on Tuesday, December 18, 2012. Based on a preliminary count by American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, a total of 194,193 shares of FBR common stock were properly tendered and not withdrawn in the tender offer at a price of $3.50 per share (or by shareholders electing to tender at the ultimate purchase price determined under the tender offer terms), including 30,399 shares that were tendered through notice of guaranteed delivery. Accordingly, based on the preliminary results, FBR expects to purchase 194,193 shares, for a total cost of $679,676, excluding fees and expenses relating to the tender offer. These shares represent approximately 0.4% of the shares outstanding as of December 18, 2012.
FBR & Co. Announces Preliminary Results Of Self-Tender Offer
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