Tucows Announces Commencement of Dutch Auction Tender Offer to Repurchase up to 6.5 Million Common Shares
TORONTO, Dec. 20, 2011 – Tucows Inc. (NYSE AMEX:TCX), (TSX:TC) a global provider of domain names, email and other Internet services, announced today that it is commencing its modified “Dutch auction” tender offer to repurchase up to 6,500,000 shares of its common stock, representing approximately 12.2% of Tucows’ outstanding shares, as previously announced on December 15, 2011. The closing price of Tucows common stock on the NYSE Amex on December 19, 2011 was $0.75.
Tucows Supports StopBadware.org
Tucows is proud to be a StopBadware partner. StopBadware is an organization that strives to make the Web safer through the prevention, mitigation, and remediation of badware websites.
StopBadware’s goals are right in line with our corporate vision which states that “Tucows seeks to provide simple, useful services that help people unlock the power of the Internet.” The removal and prevention of badware is key in making the Internet more effective for all users.
Badware is defined as software that fundamentally disregards a user’s choice about how his or her computer or network connection will be used. Some examples include things like browser toolbars that users are tricked into installing that steal personal information or malware like viruses that takeover a user’s computer to send spam or spread more badware to other unsuspecting users.
We obviously think badware is bad and has no place on the Internet and we support StopBadware in there efforts to help stop it.
Visit StopBadware.org to learn more.