ClearOne Announces Final Results of Tender Offer.SALT LAKE CITY -- ClearOne Communications, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CLRO CLRO Corporation of London Record Office .OB) today announced the final results of its tender offer, which expired at 12:00 midnight, Eastern Time, on Wednesday, December 6, 2006. ClearOne has accepted for purchase 1,073,552 shares of its common stock at a price of $4.25 per share, totaling approximately $4,563,000. These shares represent approximately 9 percent of shares outstanding. The depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. will promptly pay for the shares accepted for purchase. With completion of the tender offer, ClearOne now has approximately 11,072,000 shares of common stock outstanding. The Company is authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: to repurchase additional shares in an amount up to $1.9 million through August 31, 2007. Rule 13e-4(f) under the Securities and Exchange Act of 1934, as amended, prohibits the Company from purchasing any shares, other than in the tender offer, until at least ten business days after the expiration of the tender offer. About ClearOne ClearOne is a communications solutions company that develops and sells audio conferencing See audioconferencing. systems and other related products for audio, video, and web conferencing A videoconferencing session via the Internet. In order to interact with other participants, attendees use either a Web application or an application downloaded into their client machines. applications. The reliability, flexibility, and performance of ClearOne's comprehensive solutions create a natural communications environment, which saves organizations time and money by enabling more effective and efficient communication. For more information, visit ClearOne's website at www.clearone.com. |
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