NightHawk Radiology begins Dutch auction tender offer for up to $50 million of common stock

By Lisa Kerner

Charlotte, N.C., May 14 - NightHawk Radiology Holdings, Inc. began its Dutch auction tender offer to purchase up to $50 million, or 20.2%, of its common stock at a price range of $7.45 to $8.05 per share.

The offer is set to end at 5 p.m. ET on June 13 unless extended by NightHawk, a company news release said.

None of NightHawk's directors or executive officers intends to tender any shares in the offer.

Morgan Stanley & Co. Inc. is the dealer manager, and Innisfree M&A, Inc. is the information agent for the offer. Mellon Investor Services, LLC will be the depositary, the release said.

NightHawk, based in Coeur d'Alene, Idaho, provides radiology services to radiology groups and hospitals in the United States.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.