Greenhill & Co. Inc. has reported the final results of its modified Dutch auction tender offer for its common shares.
Greenhill accepted for purchase 1,054,968 common shares, at a purchase price of $20.50 per share, for a total cost of about $21.6 million, excluding fees and expenses relating to the tender offer. The shares repurchase represent about 4% of the company's total outstanding shares as of March 19.
The offer expired at 11:59 p.m. ET on March 14.
Greenhill & Co. LLC acted as the dealer manager and Georgeson LLC acted as the information agent for the tender offer.