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Provider: Reuters Investment Profile

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Forrester Research Inc Announces Commencement Of Tender Offer To Repurchase Up To $130 Million Of Common Stock

Wednesday, 3 Apr 2013 

Forrester Research Inc announced that it is commencing previously announced modified Dutch auction self-tender offer to repurchase up to $130 million of common stock at a price per share within the range of $32.00 to $36.00. The Nasdaq closing price of Forrester's common stock on April 2, 2013, was $34.74 per share. The tender offer will expire at 5:00 p.m., New York City time, on May 1, 2013, unless extended by Forrester. Tenders of shares must be made prior to the expiration of the tender offer and may be withdrawn at any time prior to the expiration of the tender offer, in each case in accordance with the procedures described in the tender offer materials that are being distributed to stockholders. Forrester will use a portion of cash, cash equivalents, and marketable investments to fund the repurchase of shares in the tender offer. UBS Securities LLC will serve as dealer manager for the tender offer. Georgeson Inc. will serve as information agent for the tender offer, and Computershare Trust Company, N.A. will serve as depositary for the tender offer.