Keynote announces results of issuer tender offer

By siliconindia   |   Friday, 23 May 2003, 07:00 Hrs
Printer Print Email Email
SAN MATEO: Keynote Systems, Inc. (Nasdaq:KEYN) on Friday announced the final results of its issuer tender offer for 7.5 million shares of its common stock at a purchase price of $9.50 per share, net to the seller in cash, without interest, which expired on May 16, 2003.

Based on a final count by American Stock Transfer & Trust Company, the depositary for the offer, approximately 4.3 million shares of common stock were properly tendered and not withdrawn.

Pursuant to applicable securities laws, Keynote has purchased all of the tendered shares at a purchase price of $9.50 per share, the company said in a press release. The aggregate purchase price paid is approximately $40.5 million, and Keynote has funded the payments for shares from available cash. The purchased shares represent approximately 19% of the company's approximately 22.8 million shares outstanding as of April 30, 2003.

IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..
Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..