NEWARK, NY – Creation Technologies’ cash tender offer deadline to purchase IEC Electronics has been pushed back to Sept. 30, the electronics manufacturing services companies jointly announced today.
The tender offer was previously scheduled to expire at the end of the day on Sept. 23. Creation extended the offering period because less than two-thirds of IEC’s shares have been tendered.
As of 6 pm EST on Sept. 23, 6.4 million shares of common stock of IEC, representing approximately 60% of the issued and outstanding IEC shares, were tendered pursuant to the tender offer.
Stockholders who have already tendered their shares of common stock of IEC do not have to re-tender their shares or take any other actions as a result of the extension of the expiration of the tender offer.