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The tender offer expired at 17:00 New York time on 12 September 2008.
The company said that, based on the final count by the depositary for the tender offer, an aggregate of 44,864,397 shares of common stock were properly tendered and not withdrawn at prices at or below USD3.70 per share.
Extreme Networks has accepted for purchase 28,571,428 shares at a price of USD3.50 per share pursuant to the offer, which represent approximately 24.4% of the shares outstanding as of 16 September 2008. The aggregate purchase price in connection with the tender offer is USD100m.
With the completion of the tender offer, Extreme Networks will reportedly now have approximately 88,286,162 million shares of common stock outstanding.
The dealer manager for the tender offer was Goldman, Sachs & Co and the information agent was MacKenzie Partners Inc.
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