Press release
The Hackett Group, Inc. Announces Final Results of Its $120 Million Dutch Auction Tender Offer
MIAMI--(BUSINESS WIRE)-- The Hackett Group, Inc. (NASDAQ: HCKT) (“Hackett” or the “Company”), a leading benchmarking, research advisory and strategic
About this update from The Hackett Group, Inc.
[{"type":"text","content":" MIAMI--(BUSINESS WIRE)--\nThe Hackett Group, Inc. (NASDAQ: HCKT) (“Hackett” or the “Company”), a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class™ performance, today announced the final results of its modified “Dutch auction” tender offer (the “Offer”) to purchase up to $120 million in value of its common stock, par value $0.001 per share (the “Common Stock”), which expired at 12:00 midnight, New York City time, at the end of the day on December 8, 2022.\n\nBased on the final count by Computershare Trust Company, N.A., the depositary for the Offer, a total of 4,889,315 shares of Hackett’s Common Stock were properly tendered and not properly withdrawn at or below the final purchase price of $23.50 per share, including shares that were tendered through notice of guaranteed delivery.\n\nHackett has accepted for purchase a total of 4,889,315 shares of its Common Stock at a purchase price of $23.50 per share, for an aggregate cost of approximately $114.9 million, excluding fees and expenses relating to the Offer. As Hackett accepted for purchase all of the shares which were properly tendered and not properly withdrawn at a price at or below $23.50, there is no proration factor. The 4,889,315 shares accepted for purchase in the Offer represent approximately 15.4 percent of Hackett’s currently issued and outstanding shares of Common Stock.\n\nThe depositary will promptly pay for the shares accepted for purchase in accordance with the terms and conditions of the Offer.\n\nQuestions regarding the tender offer may be directed to BofA Securities, Inc. at (888) 803-9655 or to Georgeson LLC at (888) 680-1528.\n\nAbout The Hackett Group, Inc.\n\nThe Hackett Group, Inc. (NASDAQ: HCKT) is a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class™ performance.\n\nDrawing upon our unparalleled intellectual property from nearly 20,000 benchmark studies and our Hackett-Certified® best practices repository from the world’s leading businesses – including 97% of the Dow Jones Industrials, 94% of the Fortune 100, 70% of the DAX 30 and 51% of the FTSE 100 – captured through our leading benchmarking platform, Quantum Leap® and our Digital Transformation Platform, we accelerate digital transformations, i...