International Wire Group Holdings, Inc. (the "Company") (Pink Sheets: ITWG) announced today the final results of its traditional "Dutch auction" tender offer (the "Offer") to repurchase shares of its common stock with an aggregate purchase price of up to $60.0 million, which expired at 5:00 p.m., New York City time, on December 18, 2012.
Based on the final tabulation by Computershare Trust Company, N.A., the depositary for the Offer, the Company accepted for purchase a total of 3,672,300 shares that were properly tendered and not withdrawn, at per share prices (which varied among security holders) between $15.00 and $17.50. As described in the offer to purchase, shares will be purchased at the per shares prices at which they were tendered (including conditional tenders for which the condition is met), with the "odd lot" shares properly tendered at that price bought first. Shares of common stock tendered at $17.50 per share are subject to purchase on a pro-rata basis, subject to the priority discussed above. Such shares purchased on a pro-rata basis at $17.50 per share will be subject to a proration factor of approximately 17.5%. Except for conditional tenders where the condition was not satisfied, all common stock tendered at less than $17.50 will not be subject to proration.
The information agent for the Offer is D.F. King & Co., Inc. and the depositary is Computershare Trust Company, N.A. For questions and information, please call the information agent toll free at (800) 628-8536. Computershare Trust Company, N.A. will promptly issue payment for shares of the Company’s common stock validly tendered and accepted for payment and will return all other shares tendered.
Tender Offer Statement
This press release is for informational purposes only and is neither an offer to buy nor the solicitation of an offer to sell, any shares of the Company's common stock.