The number of shares to be purchased and the proration information are preliminary and subject to change. The preliminary information contained in this press release is subject to confirmation by the depositary, the impact of "odd lot" holders whose shares will be purchased on a priority basis and the proper delivery of all shares tendered (including shares tendered pursuant to guaranteed delivery procedures). The final number of shares to be purchased and the final proration information will be announced following the expiration of the guaranteed delivery period and completion by the depositary of the confirmation process. Payment for the shares accepted for purchase under the tender offer, and return of all other shares tendered and not purchased, will occur promptly thereafter, which UTStarcom currently expects to be on or about January 11, 2013.Jefferies & Company, Inc. is the dealer manager for the tender offer. The information agent for the tender offer is Alliance Advisors LLC. Shareholders, banks and brokers who have questions may call the dealer manager at (877) 547-6340 (toll free) or the information agent at (877) 777-5603 (toll free).
UTStarcom Announces Preliminary Results Of Its Tender Offer
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