Great Elm Capital (GECC) Announces $10M Dutch Tender Offer
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Great Elm Capital Corp. Announces Its Intention to Commence a Tender Offer to Purchase up to $10 Million of its Common Stock
March 29, 2017 10:20 PM EDTBOSTON, March 29, 2017 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the Company or GECC), (NASDAQ: GECC), today announced its intention to commence a modified Dutch auction self-tender offer to purchase up to $10,000,000 in cash of its common stock, at a price per share within the range of $11.50 to $12.17, less applicable withholding taxes and without interest (the tender offer). The tender offer is expected to commence on or about April 3, 2017. The Nasdaq closing price of GECCs common stock on March 29, 2017 was $11.02 per share.
This announcement does not contain the full terms... More
