Monday, October 27, 2014
Rand Worldwide Announces Waiver of Financing Condition under its Tender Offer
(Thomson Reuters ONE via COMTEX) Rand Worldwide Announces Waiver of Financing Condition under its Tender Offer FRAMINGHAM, MA October 27, 2014 Rand Worldwide, Inc. (OTCBB: RWWI), a global provider of technology solutions to organizations with engineering design and information technology requirements, previously announced a tender offer to repurchase up to 27,530,816 shares of its common stock at a purchase price of $1.20 per share. Today, the Company announced that it has waived the financing condition to the closing of the tender offer. At the same time, the Company announced that it has satisfied the EBITDA condition to the closing of the tender offer. The tender offer will expire at 5:00 p.m., New York City time, on Monday, November 3, 2014, unless extended or terminated earlier by the Company. Company stockholders who wish to tender their shares must properly tender their shares on or prior to the expiration of the tender offer. Tendered shares may be withdrawn at any time on or
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