NightHawk purchases 2.2M shares of its common stock for $18M

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NightHawk Radiology Holdings, a provider of radiology solutions to radiology groups and hospitals throughout the United States, released the final results of its modified Dutch auction tender offer, which expired at 5 p.m. ET on Friday, June 13.

Based on the final count by the depositary for the tender offer, an aggregate of 2,240,883 shares of common stock were properly tendered and not withdrawn at a price of $8.05 per share. These shares represent approximately 7.3 percent of the shares outstanding as of June 18. With completion of the tender offer, NightHawk will have approximately 28.5 million shares of common stock outstanding.

The depositary will promptly pay for the shares accepted for purchase, according to the Coeur d'Alene, Idaho-based company.

The self-tender offer was made pursuant to an offer to purchase and letter of transmittal, each dated May 14, originally filed with the Securities and Exchange Commission on May 14 and amended on May 16.

The dealer manager for the tender offer was Morgan Stanley, the information agent for the tender offer was Innisfree M &A and the depositary for the tender offer was Mellon Investor Services, NightHawk said.