trending Market Intelligence /marketintelligence/en/news-insights/trending/kuBWdpzg_36m4THR5K_9uA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Home Capital Group discloses preliminary results of substantial issuer bid

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Home Capital Group discloses preliminary results of substantial issuer bid

Home Capital Group Inc. expects to take up and purchase for cancellation 4,392,386 common shares at C$34.15 apiece, based on preliminary results of its substantial issuer bid to repurchase for cancellation up to C$150 million of its common stock.

The shares expected to be purchased represent about 7.66% of Home Capital Group's issued and outstanding shares as of Jan. 10.

The offer was made through a modified Dutch auction, with offer prices ranging from C$34.15 to C$37.25 per share. Shareholders had until 5 p.m. ET on Jan. 10 to tender their shares. About 10.1 million shares were tendered under the offer, based on preliminary results. As the offer was oversubscribed, shareholders who made auction tenders at C$34.15 per share and purchase price tenders are expected to have about 53% of their tendered shares purchased by Home Capital Group, other than "odd lot" tenders, which are not subject to proration.