Fintrax Group Completes Tender Offer for All Outstanding Shares of Planet Payment, Inc.
PLANET PAYMENT INC (PLPM)
Last planet payment inc earnings: 8/9 07:00 am
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US:NASDAQ Investor Relations:
planetpayment.com/investor-relations
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Source: GlobeNewswire
GALWAY, Ireland and LONG BEACH, N.Y., Dec. 18, 2017 (GLOBE NEWSWIRE) -- Fintrax Group (“Fintrax”) and Planet Payment, Inc. (Nasdaq:PLPM) (“Planet Payment”) today announced the successful completion of the previously announced tender offer by an affiliate of Fintrax, Fintrax US Acquisition Subsidiary, Inc. (“Purchaser”), for all of the outstanding shares of common stock of Planet Payment at a price of (i) $4.50 per share of common stock, and (ii) $13.725 per share of Series A Preferred Stock, without interest and less any applicable withholding taxes. Computershare Trust Company, N.A., the depositary for the tender offer, has advised Fintrax that, as of 5:00 p.m., New York City time, on December 18, 2017, the initial expiration of the tender offer, approximately 45,541,649 shares of common stock and 1,535,398 shares of Series A Preferred Stock were validly tendered and not withdrawn in the tender offer, representing approximately 79.4% of Planet Payment’s currently outstanding shar
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