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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fbr & | NASDAQ:FBRC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 17.55 | 14.20 | 17.55 | 0 | 01:00:00 |
Since FBR commenced its first self-tender offer in May 2011, the company has repurchased a total of approximately 4.2 million shares, returning just over $49 million to shareholders. While the company may choose to make further opportunistic repurchases to offset the dilutive effect of vesting employee grants, FBR's overriding objective will continue to be enhancing shareholder value through the most effective means available.
FBR remains authorized to repurchase additional shares of its common stock from time to time through open market purchases, at prevailing market prices or in privately negotiated or other transactions. This authorization is subject to modification or termination by FBR's board of directors at any time. Pursuant to Rule 13e-4(f) under the Securities Exchange Act of 1934, as amended, any such additional repurchases by FBR of shares of its common stock shall not occur prior to the expiration of at least ten business days after the expiration date of the tender offer.
FBR Capital Markets & Co. served as the dealer manager for the tender offer and D.F. King & Co., Inc. is serving as the information agent.
Questions regarding the tender offer should be directed to D.F. King & Co., Inc. at (800) 659-6590 (Toll-free).
About FBR & Co.
FBR & Co. (Nasdaq:FBRC) provides investment banking, merger and acquisition advisory, institutional brokerage, and research services through its subsidiary FBR Capital Markets & Co. FBR focuses capital and financial expertise on the following industry sectors: consumer; diversified industrials; energy & natural resources; financial institutions; insurance; real estate; and technology, media & telecom. FBR is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States. For more information, please visit www.fbr.com.
CONTACT: Investors: Bradley J. Wright at 703.312.9678 or bwright@fbr.com Media: Shannon Small at 703.469.1190 or ssmall@fbr.com
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