Credit Acceptance Announces: Preliminary Results of Tender Offer and Extension of Revolving Secured Warehouse Facility
Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today the preliminary results of our tender offer and the extension of our revolving secured warehouse facility.
We announced today the preliminary results of our tender offer, which expired at 5:00 p.m., New York City time, on June 29, 2012. We commenced the tender offer on June 1, 2012 to purchase up to 1,000,000 shares of our outstanding common stock at a price of $84.45 per share, net to the seller in cash, without interest. Georgeson, Inc. acted as information agent for the tender offer and Computershare Trust Company, N.A. acted as the depositary.
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