Jacada accepts 18.46% of its shares in tender offer

By Lisa Kerner

Charlotte, N.C., Sept. 19 - Jacada Ltd. said it accepted a total of 3,851,104 shares, or 18.46% of its outstanding ordinary shares, at $4.00 per share in its modified Dutch auction tender offer ended Sept. 15.

The total cost for the shares is $15.4 million, excluding fees and expenses, a Jacada news release said.

Jacada will have about 17,006,994 ordinary shares outstanding following the purchase of the tendered shares.

Final tabulation was done by American Stock Transfer & Trust Co. and Clal Finance Batucha Investment Management Ltd., the depositaries for the tender offer.

MacKenzie Partners, Inc. was the information agent for the tender offer (800 322-2885).

Jacada and its subsidiaries develop and support desktop and process solutions that automate customer service processes. The company is based in Herzliya, Israel.

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