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BRIEF-Asta funding reaches agreement with Mangrove Partners and affiliates to commence issuer tender offer
January 9, 2017 / 5:39 PM / 8 months ago

BRIEF-Asta funding reaches agreement with Mangrove Partners and affiliates to commence issuer tender offer

Jan 9 (Reuters) - Asta Funding Inc -

* Asta Funding Inc- Has reached an agreement with Mangrove Partners and its affiliates

* Asta Funding Inc- Pursuant to agreement, co will commence issuer tender offer to all shareholders to repurchase 5.3 million shares at $10.35 per share

* Asta Funding Inc - Will commence an issuer tender offer to all shareholders to repurchase 5.3 million shares at $10.35 per share

* Asta Funding - Reached agreement with mangrove partners,its affiliates, who together beneficially own approximately 33% of Asta’s outstanding shares Source text for Eikon: Further company coverage:

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