Company offers to buy up to 6.5 million shares of its stock. Tucows, which owns the world’s third largest domain name registrar, announced a Dutch auction tender offer to repurchase up to 6,500,000 shares of its common stock.
With one week to go, Demand Media shares hit fresh lows. Next week ends a 180 day lock up period in which many Demand Media option holders can finally sell their shares in the company. Unfortunately for them, shares are now trading at only $11.
Photon Group announced yesterday its intentions to takeover DBS and made an offer of 30 cents a share for 50.1% of the company. Photon currently has a 30.55% interest and Huon Capital have already indicated that they will accept the offer for their 14.25%. This means that after 2 years Photon just needs 5.3% more of the shares to finally secure Dark Blue Sea.