ARLINGTON, Va., June 19, 2013 (GLOBE NEWSWIRE) -- FBR & Co. (Nasdaq:FBRC) today announced the results of its previously announced modified "Dutch auction" tender offer to purchase up to 1.25 million shares of its common stock at a price between $22.50 and $23.50, which expired at 12:00 midnight, New York City time, on Tuesday, June 18, 2013. FBR has accepted for purchase sixty-four shares of its common stock, or less than 0.1% of its shares outstanding, at a price of $23.10 per share. Payment for the shares accepted for purchase under the tender offer will be made promptly, at a total cost to FBR of approximately $1,500 excluding fees and expenses relating to the tender offer. FBR expects to have approximately 11.9 million shares of common stock outstanding immediately following consummation of the tender offer.
FBR & Co. Announces Results Of Self-Tender Offer
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