Weight Watchers (WTW -4.6%) sees its market cap thinned after announcing its Dutch tender offer...

|About: Weight Watchers Internation... (WTW)|By:, SA News Editor

Weight Watchers (WTW -4.6%) sees its market cap thinned after announcing its Dutch tender offer to buy back $720M worth of stock resulted in 8.78M shares (11.9% of outstanding shares) being purchased at a price of $82 - the stock is currently trading at $78.66. Weight Watchers also says it expects to purchase 9.5M shares from majority shareholder Artal Holdings at $82/share. (previously)