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IEG Holdings extends tender offer for OneMain shares

IEG Holdings Corp has extended the expiration of its tender offer to purchase shares of OneMain Holdings Inc. to 5 p.m. ET on May 5.

IEG Holdings is now offering to exchange 20 shares of its common stock for each OneMain common share, up to an aggregate of 6,747,723 shares of OneMain common stock.

The company said about 6,348 shares were validly tendered as of 5 p.m. ET on March 24.

The consummation of the offer is subject to satisfaction of closing conditions.