Bogen Communications International, Inc., Announces Final Purchase of Shares Under Self-Tender Offer.Business Editors RAMSEY, N.J.--(BUSINESS WIRE)--Aug. 20, 2002 Bogen Communications International, Inc. (Nasdaq: BOGN) announced today the final results of its self-tender offer Self-tender offer A company that tenders for its own shares. , which expired on Tuesday, August 13th, 2002. Bogen commenced the self-tender offer on July 16th, 2002 to purchase up to 2,500,000 shares of its common stock at a price of $4.00 per share, net to the seller in cash, without interest. All 2,645,178 shares that were validly tendered have been accepted for payment at $4.00 per share. As a result of the completion of the self-tender offer, Bogen currently has approximately 5,203,643 shares of common stock issued and outstanding. Payment for shares will be made through Continental Stock Transfer & Trust Company, the depository The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box. for the tender offer. Bogen will fund the purchase of these shares utilizing its available cash and approximately $3,000,000 of borrowings under its existing line of credit. About Bogen Bogen Communications International, Inc., based in Ramsey, New Jersey Ramsey is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 14,351. Ramsey was incorporated as a borough by an Act of the New Jersey Legislature on March 10, 1908, from portions of Hohokus Township (now and Munich, Germany, develops, manufactures, and markets telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. peripherals, sound processing equipment, and Unified Messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. products and services. Bogen's products are sold to commercial, industrial, professional and institutional customers worldwide. Except for historical information contained herein, the statements made in this release constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including general market conditions, new technological developments, competition, potential acquisitions and divestitures, implementation or termination of strategic initiatives or transactions, the availability of financing alternatives and other risks. Certain of these risks, factors and other considerations are detailed from time to time in Bogen's reports on file at the Securities and Exchange Commission, including Bogen's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2001 and Forms 10-Q for the quarters ended March 31, 2002 and June 30, 2002. Bogen disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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