Insperity Commences $50M Modified Dutch Auction Tender Offer and $1.00/Share Special Cash Dividend

Loading...
Loading...
Insperity, Inc.
NSP
, a leading provider of human resources and business performance solutions for America's best businesses, today announced that it is commencing a modified “Dutch auction” tender offer to repurchase shares of its common stock up to an aggregate purchase price of $50 million. Additionally, Insperity announced today that its board of directors has declared a special cash dividend of $1.00 per share of common stock. The tender offer and special dividend are expected to return to stockholders approximately $76 million in 2012. “With a strong cash position, no debt and substantial cash flow expected from future growth, we believe the combination of a tender offer to invest
See full press release
Market News and Data brought to you by Benzinga APIs
Posted In: NewsGuidanceContractsManagementM&AGlobal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...