SALT LAKE CITY, Oct. 28, 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, today announced the preliminary results of its modified Dutch auction tender offer for up to $40,000,000 in value of its common stock, which expired at 5:00 p.m., New York City time, on Friday, October 25, 2013. Based on preliminary results, the Company expects to accept for payment an aggregate of 16,326,530 shares of its common stock at a purchase price of $2.45 per share. These shares represent approximately 13.9% of the Company's outstanding shares of common stock as of September 13, 2013. The depositary informed the Company that 20,652,144 shares of the Company's common stock were properly tendered and not properly withdrawn at the purchase price of $2.45 per share, including 1,927,334 shares that were tendered through notices of guaranteed delivery. Based on the depositary's preliminary count, the preliminary proration factor for the tender offer is approximately 79.05%. The number of shares to be purchased, the price per share to be paid and the proration factor are preliminary and are subject to verification by the depositary. The actual number of shares to be purchased, the final price per share and the final proration factor 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 is currently anticipated to occur on or about November 1, 2013. Any shares tendered and not purchased will be returned to the tendering shareholders thereafter. D.A. Davidson & Co. is the dealer manager for the tender offer. Georgeson Inc. is the information agent for the tender offer and Computershare is the depository for the tender offer.