AudioCodes commences cash self-tender offer

AudioCodes (NASDAQ: AUDC) (TASE: AUDC) has commenced a self-tender offer to purchase up to 3,000,000 ordinary shares of AudioCodes at a price of USD4.35 per share, the company said.

If AudioCodes purchases the maximum of 3,000,000 shares subject to the tender offer, it would have 33,382,167 shares issued and outstanding, excluding shares held as treasury shares.

The offer period and withdrawal rights are scheduled to expire at 10:00 a.m., New York time, or 5:00 p.m., Israel time, on July 20, 2016, unless the offer period is extended by AudioCodes.

American Stock Transfer & Trust Company, LLC is the US Depositary for the offer and Mizrahi Tefahot Bank, Ltd. is the Israeli Depositary for the offer.

AudioCodes Ltd. is a provider of converged voice solutions that enable enterprises and service providers to transition to all-IP voice networks.