Weight Watchers Manages Successful Tender Offer To Retire Shares (WTW)

Companies and Brands

Published: March 23, 2012 9:17 am

Last Updated: April 28, 2020 9:41 am

Weight Watchers International Inc. (NYSE: WTW) managed a success with its dutch tender offer to repurchase shares out of the public float. The company now is going to repurchase about 12% of its outstanding shares at a cost of about $720 million. Shares are up on the shareholder return of capital, but S&P has previously cut the rating due to this removing much liquidity that had been on the balance sheet.

This previously announced self-tender offer came to 8.78 million shares at a price of $82.00 per share against almost 73.6 million shares outstanding. When Weight Watchers announced its tender it was for share prices between $72.00 and $83.00 per share.

Shares have risen steadily but they are up from a level of only $55.01 at the end of 2011. Shares closed at $82.00 on Thursday and the 52-week trading range is $51.28 to $86.97.

JON C. OGG

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.