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Yext, Inc. Announces Final Results of Modified Dutch Auction Tender Offer
Businesswire· 2026-03-20 12:00
Yext, Inc. Announces Final Results of Modified Dutch Auction Tender Offer Mar 20, 2026 8:00 AM Eastern Daylight Time Yext, Inc. Announces Final Results of Modified Dutch Auction Tender Offer Share NEW YORK--(BUSINESS WIRE)--Yext, Inc. (NYSE: YEXT) ("Yext†), the leading digital presence platform for multi-location brands, today announced the final results of its "modified Dutch Auction†tender offer for shares of its common stock, which expired at 5:00 p.m., New York City time, on March 18, 2026. Based on ...
Wix Announces Commencement of Modified Dutch Auction Tender Offer to Purchase Up to $1,750,000,000 in Aggregate Purchase Price of its Ordinary Shares
Globenewswire· 2026-03-05 08:00
Core Viewpoint - Wix.com Ltd. has initiated a "modified Dutch Auction" tender offer to repurchase up to $1,750,000,000 of its ordinary shares at a price between $80.00 and $92.00 per share, aiming to enhance shareholder value and expedite its share repurchase program [1][3]. Group 1: Tender Offer Details - The tender offer will expire on April 1, 2026, unless extended or terminated, with the last closing price of shares being $83.78 on March 4, 2026 [2]. - The tender offer is not contingent upon a minimum number of shares being tendered or any financing condition, but is subject to other specified terms and conditions [4]. Group 2: Shareholder Benefits - The company believes the tender offer allows shareholders to sell their shares efficiently without incurring brokerage fees, providing a mechanism for a quicker return of investment [3]. - The offer is designed to align with the company's long-term goal of maximizing value for shareholders and stakeholders [3]. Group 3: Company Background - Wix.com, founded in 2006, aims to simplify technology for users and businesses, leveraging advanced AI and infrastructure, and has expanded through acquisitions, including Base44 in 2025 [7].