Mannatech Announces Intent to Commence a Cash Tender Offer to Purchase up to $16 Million of Its Common Stock
“This tender offer reflects Mannatech’s confidence in the future outlook
of our business and the Company's long-term value and represents another
important step in implementing our previously announced strategic plan,
which contemplated reducing overall share count and using capital for
the benefit of shareholders,” said Alfredo “Al” Bala, CEO and President
of
The Company anticipates that
Important Additional Information
This communication is for informational purposes only, is not a
recommendation to buy or sell the Company’s common stock, and does not
constitute an offer to buy or the solicitation to sell shares of the
Company’s common stock. The tender offer described in this communication
has not yet commenced, and there can be no assurances that the Company
will commence the tender offer on the terms described in this
communication or at all. The tender offer will be made only pursuant to
the tender offer statement on Schedule TO, including an Offer to
Purchase, Letter of Transmittal and related materials that the Company
expects to file with the
SHAREHOLDERS AND HOLDERS OF AWARDS GRANTED UNDER THE COMPANY'S EQUITY INCENTIVE PLANS ARE URGED TO CAREFULLY READ THE TENDER OFFER STATEMENT, THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED MATERIALS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING THE VARIOUS TERMS OF, AND CONDITIONS TO, THE TENDER OFFER, THAT SHAREHOLDERS AND AWARD HOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SHARES.
Once the tender offer is commenced, shareholders will be able to
obtain a free copy of the tender offer statement on Schedule TO, the
Offer to Purchase, Letter of Transmittal and other related documents
that the Company will be filing with the
Other Disclosures
None of the Company, its directors, the dealer manager, the information agent or the depositary for the tender offer will make any recommendation to the shareholders as to whether to tender their shares or refrain from tendering their shares or as to the price at which to tender them.
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Please Note: This release contains “forward-looking statements.”
These forward-looking statements generally can be identified by use of
phrases or terminology such as “may,” “will,” “should,” "hope," “could,”
“would,” “expects,” “plans,” “intends,” “anticipates,” “believes,”
“estimates,” “approximates,” “predicts,” “projects,” “potential,” and
“continues” or other similar words or the negative of such terminology.
Similarly, descriptions of Mannatech’s objectives, strategies, plans,
goals or targets contained herein are also considered forward-looking
statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180517006390/en/
Source:
Mannatech, Incorporated
Diane Barton, 972-471-8116
pr@mannatech.com
or
Donna
Giordano, 972-471-6512
Manager, Executive Office Administration
ir@mannatech.com
www.mannatech.com