Olshan Represents CIBL, Inc. in Modified Dutch Auction Tender Offer

Firm News

Olshan’s client CIBL, Inc. has commenced a modified “Dutch Auction” tender offer to purchase for cash up to 7,000 shares of its common stock at a price per share of not less than $820 nor greater than $860, which offer may be worth up to $6.02 million, assuming the offer is fully subscribed and the shares are purchased at the maximum price per share of $860.  The number of shares proposed to be purchased represents approximately 28.5% of the outstanding common stock of CIBL.  The Olshan team representing CIBL includes Steve Wolosky, Elizabeth R. Gonzalez and Ryan S. Replogle.

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