TechTarget, Inc. Announces Results of its Tender Offer
June 09 2016 - 8:54AM
Business Wire
TechTarget, Inc. (NASDAQ:TTGT) announced today the results of
its tender offer to purchase up to 8,000,000 shares of its common
stock at a price of $7.75 per share, which expired at 5:00 p.m.,
New York City time, on June 8, 2016.
TechTarget has accepted for purchase 5,237,843 shares of its
common stock, at a purchase price of $7.75 per share, for a total
cost of approximately $40.6 million. Based on the final tabulation
by Computershare Trust Company, N.A., the Depositary for the tender
offer, 5,237,843 shares of TechTarget’s common stock were properly
tendered and not withdrawn, which represents approximately 16% of
the shares outstanding immediately prior to the purchase of the
tendered shares. Immediately following the purchase of the tendered
shares and assuming the proper delivery of all shares tendered,
TechTarget will have approximately 27.2 million shares of common
stock outstanding.
Georgeson Securities Corporation is acting as the Dealer Manager
and the Information Agent is Georgeson LLC. The Depositary is
Computershare Trust Company, N.A. For questions and information,
please call the Information Agent toll free at (866) 203-9401.
Forward Looking Statements
All statements contained in this release, other than statements
of historical fact, are forward-looking statements. These
statements are based on our current plans and expectations and
involve risks and uncertainties that could cause actual future
events or results to be different than those described in or
implied by such forward-looking statements, including risks and
uncertainties regarding: TechTarget’s stock price, changes in
financial markets; changes in economic, political or regulatory
conditions or other trends affecting the Internet and information
technology industries; and the ability of TechTarget to achieve the
benefits contemplated by the tender offer. Further information
about these matters can be found in our Securities and Exchange
Commission filings. Except as required by applicable law or
regulation, we do not undertake any obligation to update our
forward-looking statements to reflect future events or
circumstances.
About TechTarget
TechTarget (NASDAQ: TTGT) is the Web’s leading destination for
serious technology buyers researching and making enterprise
technology decisions. Our extensive global network of online and
social media, powered by TechTarget’s Activity Intelligence™
platform, allows technology sales and marketing teams to leverage
real-time purchase intent data to more intelligently engage
technology buyers and prioritize follow-up based on active
projects, technical priorities and business needs. With more than
140 highly targeted technology-specific websites and a wide
selection of custom advertising, branding, lead generation and
sales enablement solutions, TechTarget delivers unparalleled reach
and innovative opportunities to drive technology sales and
marketing success around the world.
TechTarget has offices in Atlanta, Beijing, Boston, London,
Munich, Paris, San Francisco, Singapore and Sydney.
To learn how you can engage with serious technology buyers
worldwide, visit techtarget.com and follow us @TechTarget.
(C) 2016 TechTarget, Inc. All rights reserved. TechTarget and
the TechTarget logo are registered trademarks, and Activity
Intelligence is a trademark of TechTarget. All other trademarks are
the property of their respective owners.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160609005747/en/
TechTargetInvestor Inquiries:Janice O’Reilly,
617-431-9449Chief Financial
Officerjoreilly@techtarget.comorMedia Inquiries:Garrett
Mann, 617-431-9371Director, Marketinggmann@techtarget.com
Tech Target (NASDAQ:TTGT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Tech Target (NASDAQ:TTGT)
Historical Stock Chart
From Sep 2023 to Sep 2024