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Stock impact report

ProPhase Labs, Inc. Announces Preliminary Results of Its Tender Offer

ProPhase Labs, Inc. (PRPH) 
US:NASDAQ Investor Relations: prophaselabs.com/investors/annual-reports
Company Research Source: GlobeNewswire
DOYLESTOWN, Pa., Sept. 26, 2017 (GLOBE NEWSWIRE) -- ProPhase Labs, Inc. (NASDAQ:PRPH) (www.ProPhaseLabs.com), a diversified natural health medical science company (“ProPhase”), announced today the preliminary results of its tender offer to purchase up to 4,000,000 shares of its common stock at a price of $2.30 per share, which expired at 5:00 p.m., New York City time, on September 25, 2017. Based on the preliminary count by American Stock Transfer & Trust Company, the Depositary for the tender offer, an aggregate of 5,919,665 shares of common stock were properly tendered and not withdrawn, including 139,892 shares that were tendered through notice of guaranteed delivery.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preliminary count by the depositary, ProPhase expects to accept for payment 4,323,335 shares properly tendered and not withdrawn before the expiration date, at an aggregate cost of approximately $9.9 million, excluding fees and expens Show less Read more
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