GAMCO Will Accept Tenders Of Its 0% Subordinated Debentures in Multiples of $1
May 25 2012 - 4:49PM
Business Wire
GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today that
under its tender offer (the “Offer”), commenced May 21, 2012, for
its 0% Subordinated Debentures (CUSIP No. 361438AA2) (the
“Debentures”), GAMCO will accept tenders of Debentures in principal
amounts that are integral multiples of $1, rather than only in
principal amounts that are integral multiples of $1,000. GAMCO is
thus waiving the Offer’s original requirement that tenders were to
be in principal amounts of integral multiples of $1,000.
This does not affect the aggregate amount of the Offer
($50,000,000), the minimum tender condition ($20,000,000), or the
price range of the Offer ($820-$870 per $1,000 of principal
amount), and all the other terms and conditions of the Offer also
remain unchanged. As previously announced, GAMCO has retained
Morrow & Co., LLC (“Morrow”) to serve as information agent for
the Offer. A copy of the Offer documents may be obtained from
Morrow at (877) 815-6525 or GAMCO.info@morrowco.com. Please contact Morrow
with any questions regarding the Offer.
This Press Release does not constitute an offer to sell or
purchase, the solicitation of an offer to sell or purchase, or the
solicitation of tenders or consents with respect to, the
Debentures. No offer, solicitation, purchase or sale will be made
in any jurisdiction in which such an offer, solicitation, purchase
or sale would be unlawful. The Offer is being made solely pursuant
to the Offer to Purchase and its related documents (“Offer
documents”). None of GAMCO, any of its directors, officers or
employees, Computershare Trust Company, N.A. or Morrow is making
any recommendation as to whether or not holders should tender all
or any portion of their Debentures in the Offer, or as to the price
or prices at which they may choose to tender their Debentures.
Holders of Debentures are strongly encouraged to evaluate carefully
all information in the Offer documents and to consult their
investment and tax advisors before making any decision on tendering
their Debentures.
GAMCO conducts its investment advisory business principally
through: GAMCO Asset Management Inc. (Institutional and Private
Wealth Management), Gabelli Funds, LLC (Mutual Funds) and Gabelli
Securities, Inc. (Investment Partnerships). GAMCO also acts as an
underwriter and provides institutional research through Gabelli
& Company, its broker-dealer subsidiary.
SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
Our disclosure in this press release contains some
forward-looking statements. Forward-looking statements give our
current intentions, expectations or forecasts of future events. You
can identify these statements because they do not relate strictly
to historical or current facts. Although we believe that we are
basing our intentions, expectations and beliefs on reasonable
assumptions within the bounds of what we currently know about our
business and operations, there can be no assurance that our actual
actions or results will not differ materially from what we
currently expect or believe. We direct your attention to specific
discussions of risk contained in our Form 10-K and other public
filings. We are providing these statements as permitted by the
Private Litigation Reform Act of 1995. We do not undertake to
update publicly any forward-looking statements if we subsequently
learn that we are unlikely to achieve our intentions or
expectations, or if we receive any additional information relating
to the subject matters of our forward-looking statements.
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