ASA share tender offer closes
ASA tender offer closes with 2.7 million shares tendered
- On 10:05 am EDT, Friday October 9, 2009
BUFFALO, N.Y. (AP) -- ASA Ltd., a closed-end fund specializing in gold and other precious mineral investments, said its tender offer to buy up to 720,000 of its shares has closed with about 2.7 million shares tendered.
On a pro rata, or proportional basis, about 27 percent of shares properly tendered by each shareholder were accepted for payment, at a purchase price of $76.11 per share, the company said.
As a result, the company now has about 6.5 million shares outstanding.
Shares fell 92 cents, or 1.2 percent, to $79 in morning trading.
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