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Stock impact report

Encore Capital Group Announces Preliminary Results Of Tender Offer [TheStreet.com]

Encore Capital Group Inc (ECPG) 
Last encore capital group inc earnings: 2/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.encorecapital.com
Company Research Source: TheStreet.com
SAN DIEGO, Dec. 03, 2021 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. ( ) - ("Encore") announced today the preliminary results of its modified "Dutch auction" tender offer to purchase with cash up to $300 million of shares (the "shares") of its common stock (the "common stock") which expired one minute after 11:59 P.M. (New York City time) on December 2, 2021. Based on the preliminary count by the depositary for the tender offer, a total of 4,474,814 shares of common stock were validly tendered and not validly withdrawn at or below the price of $60.00 per share, including 641,340 shares that were tendered through notice of guaranteed delivery. In accordance with the terms and conditions of the tender offer and based on the preliminary count by the depositary, the Company expects to purchase a total of 4,474,814 shares of common stock through the tender offer at a price of $60.00 per share, for a total cost of $268,488,840, excluding fees and expenses. The total of 4,474,814 share Show less Read more
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