Stock repurchase modification again:
Gleacher & Co amends price range and number of shares sought and extends tender offer (GLCH) 1.32 : Co announced that it is amending its previously announced modified "Dutch auction" tender offer to purchase up to 10 million shares, or up to 7.84%, of its outstanding common stock at a price of not less than $1.30 and not more than $1.55 per share. Under the amended terms, the Company is now offering to purchase up to 6,000,000 shares, or up to 4.71%, of its outstanding common stock at a price of not less than $1.25 and not more than $1.35 per share. The Company is also extending the expiration date of the tender offer.
