Insperity Accepted for Purchase 80,983 Shares at $31/Share
Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America's best businesses, today announced the final results of its modified “Dutch auction” tender offer, which expired at 11:59 p.m., New York City time, on Dec. 21, 2012.
Insperity has accepted for purchase 80,983 shares of its common stock at a price of $31.00 per share for a total cost of approximately $2.5 million, excluding fees and expenses relating to the tender offer. The shares purchased pursuant to the tender offer represent approximately 0.3 percent of the total number of shares issued and outstanding as of Dec. 26, 2012. We funded the purchase of the shares in the tender offer from cash on hand.
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