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Stock impact report

GameStop Announces Preliminary Results of its Modified Dutch Auction Tender Offer

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: GlobeNewswire
GRAPEVINE, Texas, July 11, 2019 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) today announced the preliminary results of its “modified Dutch auction” tender offer to purchase up to 12,000,000 shares of its Class A common stock, par value $0.001 per share. The tender offer expired at 5:00 p.m., New York City time, on July 10, 2019. In accordance with the terms and conditions of the tender offer and based on the preliminary count by Computershare Trust Company, N.A., the depositary for the tender offer, GameStop expects to accept for payment, at a purchase price of $5.20, a total of 12,000,000 shares properly tendered at the purchase price and not properly withdrawn before the expiration date, at an aggregate cost of approximately $62,400,000, excluding fees and expenses relating to the tender offer. GameStop expects to accept the shares on a pro rata basis, except for tenders of “odd lots,” which will be accepted in full and conditional tenders that will automatically be regarded a Show less Read more
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