Gleacher & Company, Inc. Announces Final Results of Self Tender Offer

Gleacher & Company, Inc. GLCH today announced the final results of its modified “Dutch auction” tender offer to purchase up to 6 million shares of its common stock, which expired at 12:00 midnight, New York City time, on November 22, 2011. Gleacher has accepted for purchase 6,601,313 shares of its common stock at a purchase price of $1.25 per share. Included within the shares accepted for purchase are 601,313 additional common shares that Gleacher elected to purchase pursuant to its option to increase the size of the offering by up to 2% of the outstanding shares of its common stock. The tender offer was not subject to proration. Payment for the shares accepted for purchase under the tender offer will be made promptly, and all shares tendered and not purchased will be returned promptly to stockholders.