Gleacher & Co announces preliminary results of self tender offer; total of ~6.7 mln shares of Gleacher common stock were properly tendered and not withdrawn at or below a purchase price of $1.25 (GLCH) 1.18 : Co announced the preliminary results of its modified "Dutch auction" tender offer to purchase up to 6 million shares of its common stock, which expired at 12:00 midnight, New York City time, on November 22, 2011. Based on a preliminary count by the depositary for the tender offer, a total of ~6.7 mln shares of Gleacher common stock were properly tendered and not withdrawn at or below a purchase price of $1.25, including shares that were tendered through notices of guaranteed delivery. Pursuant to the terms of the offer, Gleacher expects that it will elect to purchase an additional ~696K shares of its common stock.
