Forrester Plans $130m Common Stock Buy-Back

Technology specialist Forrester Research is planning to repurchase up to $130m of its common stock through a 'modified Dutch auction self-tender offer', at a price of between $32 and $36 per share.

This system allows stockholders to indicate how many shares and at what price within the company's specified range they wish to tender. When the tender offer expires, based upon the number of shares tendered and the prices specified by the tendering stockholders, the company will determine the purchase price, which will be the lowest price per share within the range that will enable the company to purchase $130m of its common stock.

Forrester will use a portion of its cash, cash equivalents, and marketable investments to fund the repurchase.

Company's directors and executive officers, including Forrester's largest stockholder Chairman & CEO George Colony (pictured), have advised the company of their intention not to tender any shares in the tender offer.

Web site: www.forrester.com .