- California First Leasing ( OTCQX:CFNB ) has launched a tender offer to repurchase up to 375,000 shares of its common stock, or ~3.6% of its outstanding shares.
- Shareholders can choose to tender part or all of their shares to the company at a price of $16/share. The reported last sale price of the common stock was $16.26/share on Nov. 14, 2022, the last trading day before the offer commenced.
- The tender offer is expected to expire at 5:00 p.m, New York City time, on Dec. 15, 2022.
- In the event that more than 375,000 shares are tendered pursuant to the offer, the company reserves the right to purchase up to an additional 2% of its outstanding common stock, or additional 205,683 shares, without extending the offer.
For further details see:
California First Leasing launches tender offer to repurchase 375K shares