Pre-Paid Legal Services, Inc. (NYSE: PPD - News), announced the final results of our tender offer, which expired at 5:00 p.m. E.D.T. on August 2, 2006. We commenced the tender offer on July 5, 2006 to purchase up to 1,000,000 shares of our common stock at $35.00 per share, net to the seller in cash, without interest. Based on the final count by UMB Bank, N.A., the depositary for the tender offer, 166,960 shares of common stock were properly tendered and not withdrawn. The final count of shares purchased is less than the amount we communicated in the preliminary announcement on August 3, 2006, by 28,130 shares, reflecting failed delivery of these shares prior to 5:00 p.m. on August 7, 2006. We have purchased all of the 166,960 tendered shares of our common stock at a price of $35.00 per share, at a total cost of approximately $5.8 million. We financed the purchase of our securities in the tender offer with proceeds of a $75 million term loan facility we closed with Wells Fargo Foothill, Inc. on June 23, 2006
Pre-Paid Legal Services, Inc. Announces Final Results of Its Tender Offer: Financial News - Yahoo! Finance
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