Resources Connection, Inc. Announces Final Results of Modified Dutch Auction Tender Offer
Based on the final count by the depositary for the tender offer, an
aggregate of 6,515,264 shares of the Company's Common Stock were validly
tendered and not validly withdrawn at or below the price of
The Company acquired 6,515,264 shares of its Common Stock at a price of
Because the aggregate number of shares of the Company's Common Stock that were validly tendered and not validly withdrawn was less than the total number of shares that the Company could have acquired if the entire additional 2% could have been exercised, all of the shares of the Company's Common Stock that were validly tendered and not validly withdrawn were acquired.
The depositary will promptly pay for the shares accepted for purchase and will promptly return all shares tendered and not accepted for purchase. After giving effect to the purchase of the shares, the Company will have outstanding approximately 29.6 million shares of Common Stock.
The Company funded the share purchases in the tender offer with
The tender offer was made pursuant to an Offer to Purchase and Letter of
Transmittal, each filed with the
Lazard Frères & Co. LLC is acting as dealer manager for the tender
RGP, the operating subsidiary of
RGP was founded in 1996 within a Big Four accounting firm. Today, we are a publicly traded company with over 3,300 professionals, annually serving over 1,800 clients around the world from 68 practice offices.
The Company is listed on the NASDAQ Global Select Market, the exchange's highest tier by listing standards. More information about RGP is available at http://www.rgp.com. (RECN-F)
Certain statements in this press release are "forward-looking
statements." Such forward-looking statements may be identified by words
such as "anticipates," "believes," "can," "continue," "could,"
"estimates," "expects," "intends," "may," "plans," "potential,"
"predicts," "remain," "should" or "will" or the negative of these terms
or other comparable terminology. In this press release, such statements
include, without limitation, statements related to the tender offer for
shares of the Company's Common Stock. Such statements and all phases of
the Company's operations are subject to known and unknown risks,
uncertainties and other factors that could cause our actual results,
including with respect to the tender offer, to differ materially from
those expressed or implied by these forward-looking statements. Risks
and uncertainties include overall market and economic conditions and
other factors and uncertainties as are identified in our most recent
Quarterly Report on Form 10-Q and our other public filings made with the
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