Advanced Emissions Solutions Announces Preliminary Results of Tender Offer
Advanced Emissions Solutions, Inc. (ADES)
Last advanced emissions solutions, inc. earnings: 11/12 04:45 pm
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US:NASDAQ Investor Relations:
advancedemissionssolutions.com/ades-investors/overview
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Source: GlobeNewswire
HIGHLANDS RANCH, Colo., June 07, 2017 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (the "Company") (NASDAQ:ADES) today announced the preliminary results of its previously announced modified Dutch Auction tender offer which expired at 5:00 P.M., New York City Time, on June 6, 2017.Based on the preliminary count by Computershare Trust Company, N.A., the Depositary for the tender offer, a total of approximately 2,958,900 shares of the Company’s common stock were validly tendered and not validly withdrawn at the price of $9.40 per share, the minimum price in the price range specified in the tender offer. This amount includes approximately 208,165 shares that were tendered through notice of guaranteed delivery.In accordance with the terms and conditions of the tender offer and based on a preliminary count by the Depositary, the Company expects to accept for payment a total of approximately 1,370,891 shares of the Company’s common stock at a price of $9.40 per share, for a total
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