Command Center Announces Launch of Tender Offer
COMMAND CENTER (CCNI)
NASDAQ:AMEX Investor Relations:
irdirect.net/ccni
Company Research
Source: Business Wire
Terms include repurchase of up to 1.5 million shares of common stock at a purchase price of $6.00 per share DENVER--(BUSINESS WIRE)--As previously announced, Command Center, Inc. (Nasdaq: CCNI) (“Command Center” and/or the “Company”) today announced the commencement of a tender offer (“Tender Offer”) to purchase up to 1,500,000 shares of its common stock, par value $0.001 per share at a purchase price of $6.00 per share. On June 25, 2019, the closing price of the Company’s common stock was $5.47 per share. The Tender Offer will remain open until July 25, 2019.As previously announced, on April 8, 2019, the Company, CCNI One, Inc., Command Florida, LLC, Hire Quest Holdings, LLC (“Hire Quest”), and, solely for purposes of Sections 5.20(c), 5.20(e) and 5.23 of the agreement, Richard Hermanns, as the representative of the members of Hire Quest, entered into a merger agreement (the “Merger Agreement”), providing for the acquisition of Hire Quest by the Company (the “Merger”). Pursuant to
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