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Tucows (AMEX:TCX)
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Today : Tuesday 13 November 2012
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TORONTO, Nov. 13, 2012 /PRNewswire/ - Tucows Inc. (NYSE AMEX:TCX, TSX:TC) a global provider of domain names, email and other Internet services, today announced its plan to launch a "modified Dutch auction" tender offer (the "Tender Offer") to repurchase up to 6,500,000 shares of its common stock, representing approximately 14.7% of Tucows' outstanding shares, at a price per share not less than $1.35 and not greater than $1.50. This price range represents a premium of 9.6% to 21.8% to the year-to-date volume-weighted average price of $1.23 per share for the Company's common stock. The tender offer is expected to commence the week of November 19, 2012 and will remain open for at least 20 business days.
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