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| Home : Aastra Announces the Preliminary Results of Its Substantial Issuer Bid |
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Apr 10
2012 |
Aastra Announces the Preliminary Results of Its Substantial Issuer Bid |
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TORONTO, ONTARIO--(Marketwire - April 10, 2012) - Aastra Technologies Limited ("Aastra") - (TSX:AAH) announced the preliminary results of its modified Dutch auction-type substantial issuer bid to repurchase up to $50 million of its common shares, which expired at 5:00 p.m. (EST) today.
In accordance with the terms of the bid, Aastra expects to take up approximately 2.17 million common shares at a purchase price of $23.00 per share, representing approximately 15.5% of the common shares currently outstanding on an undiluted basis prior to giving effect to the bid. After giving effect to the repurchases under the bid, the number of common shares outstanding would amount to approximately 11.86 million common shares on an undiluted basis. |
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| Source:http://www.marketwire.com/mw/release.do?id=1642268&sourceType=3 |
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