- Virtus Investment Partners (NASDAQ:VRTS) tomorrow plans to launch a "modified Dutch auction" tender for up to $75M of common stock at a price no higher than $82.50 or less than $73 (Friday's close was $74.12).
- At $75, the offer would be enough to retire 1M shares, or roughly 12% of the float.
- Source: Press Release
Virtus Investment tenders for $75M in stock
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| Symbol | Last Price | % Chg |
|---|---|---|
| VRTS | - | - |
| Virtus Investment Partners, Inc. | ||