tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

GeoPark reports preliminary results of its tender offer

GeoPark announced the preliminary results of its tender offer to purchase its common shares, or the shares, at prices specified by the tendering shareholders of not greater than $10.00 nor less than $9.00 per common share or at the purchase price determined in accordance with the tender offer. A total of 4,444,044 common shares of GeoPark were properly tendered and not properly withdrawn at or below a price of $10.00 per share, the maximum cash purchase price in the price range specified in the tender offer, including 932,417 shares that were tendered through notice of guaranteed delivery. GeoPark expects to accept for payment an aggregate of 4,444,044 shares at a purchase price of $10.00 per share. The shares expected to be repurchased represent approximately 8.01% of GeoPark’s issued and outstanding common shares as of April 17. Payment for shares will be made in cash, without interest.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1