FX.co ★ Tetragon Announces Tender Offer To Purchase $25 Mln Of Its Non-Voting Shares

Tetragon has launched a tender offer to buy back some of its outstanding non-voting shares for a total amount of $25 million in cash. The company initially announced this tender offer on March 4, 2024, which is set to operate as a "modified Dutch auction." This means shareholders have the opportunity to offer their non-voting Tetragon shares at a price anywhere between $9.00 and $10.50 per share. The offer will be open until 11:59 p.m. (ET) on April 10, 2024, unless it is extended or called off earlier. The offer does not hinge on achieving a certain minimum number of shares tendered.