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FBR & Co.
FBRC
today announced the final results of its previously announced modified "Dutch
auction" tender offer to purchase up to 4 million shares of its common stock
at a price between $3.25 and $3.50, which expired at 12:00 midnight, New York
City time, on Tuesday, December 18, 2012. FBR has accepted for purchase
193,666 shares of its common stock at a purchase price of $3.50 per share. The
tender offer was not subject to proration. Payment for the shares accepted for
purchase under the tender offer will be made promptly, and any shares tendered
and not purchased will be promptly returned to stockholders.
FBR is purchasing the shares, which represent approximately 0.4% of the shares
outstanding as of December 21, 2012, at a total cost of $677,831, excluding
fees and expenses relating to the tender offer. FBR expects to have
approximately 48,819,850 shares of its common stock outstanding immediately
following consummation of the tender offer.
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