Business News • MarketWire • BRT Realty Trust Announces Preliminary Results of Its Tender Offer |
BRT Realty Trust Announces Preliminary Results of Its Tender Offer |
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BRT Realty Trust Announces Preliminary Results of Its Tender Offer
GREAT NECK, NY--(Marketwire - October 21, 2010) - BRT REALTY TRUST (NYSE: BRT) today announced the preliminary results of its tender offer to purchase up to 2,500,000 shares of beneficial interest at a price per share of $6.30, which expired at 5:00 p.m., New York City time, on October 21, 2010. Based on the preliminary count by American Stock Transfer & Trust Company, the Depositary for the tender offer, approximately 147,390 shares of beneficial interest were properly tendered and not withdrawn. Accordingly, the company expects to accept for purchase a total of approximately 147,390 shares at a purchase price of $6.30 per share, for a total cost of approximately $928,560.
View More : http://www.marketwire.com/mw/release.do?id=1339516&sourceType=3
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