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Tuesday, December 12, 2017 12:17:54 PM
NEW YORK, NY--(Marketwired - Feb 26, 2015) - Worldwide Diversified Holdings, Inc. (OTC PINK: WNTR) announced today that is increasing the stock buyback program to repurchase up to two billion common shares.
The company will commence a Dutch Auction Tender Offer (the "Tender Offer") to repurchase the shares on March 3, 2015. The expiration of the offer, unless extended, will be 5pm EDT on March 31, 2015.
Under the Tender Offer, shareholders will have the opportunity to tender some, or all of their shares, at a price within the range of $0.0001 to $0.01 per share. The Tender Offer will not be contingent upon a minimum number of shares being tendered and will be subject to a number of other terms and conditions specified in the offer to purchase.
The company is working with the transfer agent to provide for shareholders to electronically tender their shares through their brokerage accounts.
The company, its board of directors or its advisors, will not be making any recommendation to shareholders as to whether to tender, or refrain from tendering their shares, into the Tender Offer.
The company's directors and executive officers have advised the company that they do not intend to tender any of their shares they own, or control, in the tender offer.
This release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any shares of the Company's common stock. The solicitation and offer to buy the Company's common stock will only be made pursuant to the offer to purchase and related materials that the Company will provide to its shareholders. Shareholders should read those materials carefully because they will contain important information, including the various terms and conditions of the Tender Offer.
About Worldwide Diversified Holdings, Inc.
Worldwide Diversified Holdings, Inc. (OTC PINK: WNTR) (www.wdhinc.com). The company is a diversified holding company with business operations and investments.
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