Benzinga | May 28, 2021 05:29AM EDT

Mannatech Announced Intent to Commence a Cash Tender Offer to Purchase up to 211,538 Shares of Its Common Stock at $26/Share

Mannatech, Incorporated (NASDAQ:MTEX) intends to conduct a cash tender offer to purchase up to 211,538shares of its outstanding common stock, par value $0.0001 per share, at a purchase price of $26.00per share.

The Company anticipates that Georgeson Securities Corporation will be the dealer manager for the tender offer, Georgeson LLC will serve as the information agent for the tender offer, and Computershare Trust Company, N.A. will serve as the depositary for the tender offer.