Insperity Announces Final Results of Dutch Auction Tender Offer
28 Diciembre 2012 - 7:00AM
Business Wire
Insperity, Inc. (NYSE: NSP), a leading provider of human
resources and business performance solutions for America’s best
businesses, today announced the final results of its modified
“Dutch auction” tender offer, which expired at 11:59 p.m., New York
City time, on Dec. 21, 2012.
Insperity has accepted for purchase 80,983 shares of its common
stock at a price of $31.00 per share for a total cost of
approximately $2.5 million, excluding fees and expenses relating to
the tender offer. The shares purchased pursuant to the tender offer
represent approximately 0.3 percent of the total number of shares
issued and outstanding as of Dec. 26, 2012. We funded the purchase
of the shares in the tender offer from cash on hand.
Computershare Trust Company, N.A., the depositary for the tender
offer, will promptly pay for the shares of common stock accepted
for purchase. Payment for the shares will be made in cash, without
interest. Upon completion of the tender offer, we have
approximately 25.6 million shares of common stock issued and
outstanding.
As noted in the Offer to Purchase, we may purchase additional
shares in the future in the open market subject to market
conditions. We may also purchase shares in private transactions,
tender offers or otherwise. However, under applicable securities
laws, we may not repurchase any shares until after Jan. 8, 2013.
Any possible future purchases by us will depend on many factors,
including the market price of the shares, the results of the tender
offer, our business and financial position and general economic and
market conditions.
Georgeson Inc. serves as information agent for the tender offer.
The dealer manager for the tender offer is Robert W. Baird &
Co. Incorporated. Questions and requests for assistance may be
directed to the information agent at (800) 509-0917 (toll free) or
the dealer manager at (414) 298-7382.
About Insperity
Insperity, a trusted advisor to America’s best businesses for
more than 26 years, provides an array of human resources and
business solutions designed to help improve business performance.
InsperityTM Business Performance Advisors offer the most
comprehensive suite of products and services available in the
marketplace. Insperity delivers administrative relief, better
benefits, reduced liabilities and a systematic way to improve
productivity through its premier Workforce OptimizationTM solution.
Additional company offerings include Human Capital Management,
Payroll Services, Time and Attendance, Performance Management,
Organizational Planning, Recruiting Services, Employment Screening,
Financial Services, Expense Management, Retirement Services and
Insurance Services. Insperity business performance solutions
support more than 100,000 businesses with over 2 million employees.
With 2011 revenues of $2 billion, Insperity operates in 56 offices
throughout the United States. For more information, visit
http://www.insperity.com.
Information on Forward Looking Statements
Certain statements in this news release are “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements include assumptions,
expectations, predictions, intentions or beliefs about future
events, including the completion of the offer. Although Insperity
believes that such statements are based on reasonable assumptions,
no assurance can be given that such statements will prove to have
been correct. A number of factors could cause actual results to
vary materially from those expressed or implied in any
forward-looking statements. More information about the risks and
uncertainties relating to Insperity and the forward-looking
statements are found in Insperity’s SEC filings, including its
Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2011
and its Quarterly Reports on Form 10-Q for the quarters ended March
31, 2012, June 30, 2012 and Sept. 30, 2012, which is available free
of charge on the SEC’s web site at http://www.sec.gov. Insperity
expressly disclaims any obligation to update any forward-looking
statements contained in this news release to reflect events or
circumstances that may arise after the date of this release, except
as otherwise required by applicable law.
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