Brief: Marchex Inc Announces Intent To Launch Tender Offer With Edenbrook Capital

Marchex

10/08/2020 22:26

Aug 10 (Reuters) - Marchex Inc  MCHX.O :
    * MARCHEX INC - ANNOUNCES INTENT TO LAUNCH TENDER OFFER WITH
EDENBROOK CAPITAL TO PURCHASE UP TO 10 MILLION SHARES OF
MARCHEX'S CLASS B COMMON STOCK
    * MARCHEX INC - IF UP TO 6.MILLION SHARES ARE TENDERED,
PURCHASE
PRICE PER SHARE OF $1.80, IN TENDER OFFER
    * MARCHEX INC - IF 6.0 MILLION TO 10.0 MILLION SHARES ARE
TENDERED, A PURCHASE PRICE PER SHARE OF $1.96, IN TENDER OFFER

Source text for Eikon:  ID:nBw7qd2tXa 
Further company coverage:  MCHX.O 

 ((Reuters.Briefs@thomsonreuters.com;))