Brief: Openlane To Repurchase 53% Of Series A Convertible Preferred Stock
09/09/2025 22:38
Sept 9 (Reuters) - Openlane Inc KAR.N: OPENLANE TO REPURCHASE 53% OF SERIES A CONVERTIBLE PREFERRED STOCK OPENLANE INC - REPURCHASE PRICE SET AT $29.70 PER SHARE INCLUDING DIVIDENDS OPENLANE INC: DEAL CUTS APAX-ADVISED FUNDS' PREFERRED SHARES BY ABOUT 50%, PERIPHAS-ADVISED FUNDS' BY ABOUT 80% Source text: ID:nPn5cj7mja Further company coverage: KAR.N ((Reuters.Briefs@thomsonreuters.com;))
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