TechTarget announced the results of its tender offer to purchase up to 8,000,000 shares
OREANDA-NEWS. TechTarget, Inc. (NASDAQ: TTGT) announced today the results of its tender offer to purchase up to 8,000,000 shares of its common stock at a price of $7.75 per share, which expired at 5:00 p.m., New York City time, on June 8, 2016.
TechTarget has accepted for purchase 5,237,843 shares of its common stock, at a purchase price of $7.75 per share, for a total cost of approximately $40.6 million. Based on the final tabulation by Computershare Trust Company, N.A., the Depositary for the tender offer, 5,237,843 shares of TechTarget’s common stock were properly tendered and not withdrawn, which represents approximately 16% of the shares outstanding immediately prior to the purchase of the tendered shares. Immediately following the purchase of the tendered shares and assuming the proper delivery of all shares tendered, TechTarget will have approximately 27.2 million shares of common stock outstanding.
Georgeson Securities Corporation is acting as the Dealer Manager and the Information Agent is Georgeson LLC. The Depositary is Computershare Trust Company, N.A. For questions and information, please call the Information Agent toll free at (866) 203-9401.
TechTarget(NASDAQ: TTGT) is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Our extensive global network of online and social media, powered by TechTarget’s Activity Intelligence™ platform, allows technology sales and marketing teams to leverage real-time purchase intent data to more intelligently engage technology buyers and prioritize follow-up based on active projects, technical priorities and business needs. With more than 140 highly targeted technology-specific websites and a wide selection of custom advertising, branding, lead generation and sales enablement solutions, TechTarget delivers unparalleled reach and innovative opportunities to drive technology sales and marketing success around the world.