AMREP Corporation Announces Results of Self-Tender Offer.Business Editors NEW YORK--(BUSINESS WIRE)--June 7, 2000 AMREP AMREP American Realty and Petroleum Corporation AMREP Aircraft/Missile Maintenance Compression Report AMREP Aircraft Missile Reporting System Corporation (NYSE NYSE See: New York Stock Exchange : AXR) today announced the preliminary results of its Dutch Auction self-tender offer to purchase shares of its common stock. The offer expired June 6, 2000 at 5 p.m. New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time. AMREP commenced the tender offer for up to 725,000 shares of its common stock on May 4, 2000, at a price range of $5.25 to $7.00 per share. Based on a preliminary count by The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , the depositary for the offer, 588,584 shares were properly tendered and not withdrawn at prices at or below $7.00 per share. Based on this count, AMREP will accept for purchase at a price of $7.00 per share all such shares tendered. Payment for the shares will be made as soon as practicable after the final count by the depositary. After the purchase of the shares, AMREP will have approximately 6,650,000 shares of common stock outstanding. The closing price of AMREP'S common stock on June 6, 2000 was $611/16. The information agent for the offer was D.F. King & Co., Inc. AMREP's subsidiary, AMREP Southwest Inc., is a leading developer of real estate in New Mexico, and its Kable News Company, Inc. subsidiary distributes magazines to wholesalers and provides subscription fulfillment and related services to publishers and others. This release and prior releases are available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations Worldwide website at www.kcsa.com. |
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