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Forrester commences $130M share repurchase offer

Forrester Research is commencing its previously announced “modified Dutch auction” self-tender offer to repurchase up to $130 M of its common stock at a price per share within the range of $32.00-$36.00. The tender offer will expire at 5:00 p.m., NYC time, on Wednesday, May 1, unless extended by Forrester. The company also reserves the right to purchase up to an additional 2% of its shares outstanding pursuant to and without amending or extending the tender offer. All shares accepted for payment will be purchased at the same purchase price. Stockholders will receive the purchase price in cash, without interest, for shares properly tendered at prices equal to or less than the purchase price. All shares tendered at prices above the purchase price will not be purchased and will be returned promptly to stockholders.