SALT LAKE CITY, Sept. 12, 2013 (GLOBE NEWSWIRE) -- LifeVantage Corporation (Nasdaq:LFVN), a company dedicated to helping people achieve healthy living through a combination of a compelling business opportunity and scientifically validated products, announced today that it intends to conduct a modified Dutch auction self-tender offer to repurchase up to $40,000,000 of its common stock at a price per share within a range to be determined prior to commencement of the tender offer. A modified Dutch auction tender offer allows shareholders to indicate how many shares and at what price within the Company's specified range they wish to tender. Based on the number of shares tendered and the prices specified by the tendering shareholders, the Company will determine the lowest price per share within the range that will enable the Company to purchase $40,000,000 of its common stock, or a lesser amount if the offer is not fully subscribed. All shares repurchased by the Company in the tender offer will be purchased at the same price. The Company expects to enter into a new credit facility to fund the share purchases in the tender offer.
LifeVantage Corporation Plans To Initiate A Self-Tender Offer For Up To $40,000,000 Of Its Common Stock
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