Matrix Bancorp Announces Final Results of Tender Offer
January 27 2006 - 8:30AM
PR Newswire (US)
DENVER, Jan. 27 /PRNewswire-FirstCall/ -- Matrix Bancorp, Inc.
(NASDAQ:MTXC) (the "Company") today announced the final results of
its tender offer to purchase up to 4,286,126 shares of the
Company's outstanding common stock at a price of $19.00 per share,
net to the seller in cash, without interest. The Company commenced
the tender offer on December 20, 2005 and it expired at 5:00 p.m.,
Eastern Time, on Monday, January 23, 2006. Based on a final count
by Computershare Trust Company, Inc., the depositary for the tender
offer, a total of 4,184,277 shares were properly tendered and not
withdrawn. The Company has accepted for purchase 4,184,277 shares
at $19.00 per share. Computershare will make payment for shares
accepted for purchase promptly. Following the purchase of the
shares tendered in the tender offer, the Company expects to have
approximately 7,556,572 shares of its common stock issued and
outstanding. Certain statements contained in this press release
that are not historical facts, including, but not limited to,
statements that can be identified by the use of forward-looking
terminology such as "may," "will," "expect," "anticipate,"
"predict," "believe," "plan," "estimate" or "continue" or the
negative thereof or other variations thereon or comparable
terminology, are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, and involve a
number of risks and uncertainties. The actual results of the future
events described in such forward-looking statements in this interim
report could differ materially from those stated in such
forward-looking statements. Among the factors that could cause
actual results to differ materially are: third party claims or
actions in relation to ongoing or future litigation or bankruptcy
matters; interest rate fluctuations; level of delinquencies;
defaults and prepayments; general economic conditions; competition;
government regulation; the risks and uncertainties discussed
elsewhere in the Company's Annual Report on Form 10-K for the year
ended December 31, 2004 and in the Company's Current Report on Form
8-K, filed with the Securities and Exchange Commission on November
7, 2005; and the uncertainties set forth from time to time in the
Company's periodic reports, filings and other public statements.
DATASOURCE: Matrix Bancorp, Inc. CONTACT: David W. Kloos, Chief
Financial Officer of Matrix Bancorp, Inc., +1-303-595-9898
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