Insperity, Inc. NSP, a leading provider of human resources and
business performance solutions for America's best businesses, today announced
the preliminary results of its modified “Dutch auction” tender offer, which
expired at 11:59 p.m., New York City time, on Dec. 21, 2012.
Based on the preliminary count by Computershare Trust Company, N.A., the
depositary for the tender offer, 80,983 shares of common stock, including
34,100 shares that were tendered through notice of guaranteed delivery, were
properly tendered and not withdrawn, all of which were tendered at a price at
or below $31.00. Based on these preliminary results, we expect to purchase
80,983 shares at a price of $31.00 per share for a total cost of $2.5 million,
excluding fees and expenses relating to the tender offer.
The number of shares to be purchased in the tender offer and the price per
share are preliminary. The determination of the final number of shares to be
purchased is subject to confirmation by the depositary of the proper delivery
of the shares properly tendered and not withdrawn. The actual number of
outstanding shares properly tendered and not withdrawn, the number of shares
to be purchased in the tender offer, the final price per share for shares
purchased in the tender offer and the number of shares of our common stock
that will be outstanding after payment for the tendered shares will be
announced promptly following the completion of the confirmation process.
Payment for the shares accepted for purchase will occur promptly thereafter.
Payment for shares will be made in cash, without interest. We will fund the
purchase of the shares in the tender offer from cash on hand.
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