Encore Capital Group Announces Final Results of Tender Offer
SAN DIEGO, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG) (Encore) announced today the final results of its modified Dutch auction tender offer to purchase with cash up to $300 million of shares (the shares) of its common stock (the common stock) which expired one minute after 11:59 P.M. (New York City time) on December 2, 2021.
- SAN DIEGO, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG) (Encore) announced today the final results of its modified Dutch auction tender offer to purchase with cash up to $300 million of shares (the shares) of its common stock (the common stock) which expired one minute after 11:59 P.M. (New York City time) on December 2, 2021.
- The depositary will promptly pay for the shares of common stock accepted for purchase pursuant to the tender offer.
- Since the beginning of 2021, through a combination of the tender offer and share repurchases made by Encore prior to the tender, Encore has purchased approximately 22% of its total shares of common stock outstanding as of December 31, 2020.
- Georgeson LLC is serving as information agent for the tender offer and American Stock Transfer & Trust Company, LLC is serving as the depositary for the tender offer.