Just shy of 5M shares were tendered at or below a price of $3.75, based on a preliminary count, and MCG (NASDAQ:MCGC) expects to buy all - representing 11.5% of the float - at $3.75 each.
The company originally offered to buy up to $75M of its stock for no less than $3.25 and no more than $3.75 each. The stock closed yesterday's session at $3.66.
Previously: MCG Capital +14.5% on tender offer; more on Q3 results (Oct. 29, 2014)
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