Weight Watchers Manages Successful Tender Offer To Retire Shares (WTW)
Weight Watchers International Inc. (NYSE: WTW) managed a success with its dutch tender offer to repurchase shares out of the public float. The company now is going to repurchase about 12% of its outstanding shares at a cost of about…
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This previously announced self-tender offer came to 8.78 million shares at a price of $82.00 per share against almost 73.6 million shares outstanding. When Weight Watchers announced its tender it was for share prices between $72.00 and $83.00 per share.
Shares have risen steadily but they are up from a level of only $55.01 at the end of 2011. Shares closed at $82.00 on Thursday and the 52-week trading range is $51.28 to $86.97.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
