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Mattersight Announces Commencement of Tender Offer to Purchase up to 111,605 Shares of Its Series B Preferred Stock

Courtesy of Benzinga.

Mattersight Corporation (NASDAQ: MATR) today announced that it has commenced a tender offer to purchase up to 111,605 shares of its 7% Series B Convertible Preferred Stock (“Series B Preferred Stock”) at a purchase price of $8.60 per share, plus accrued and unpaid dividends. The 111,605 shares of Series B Preferred Stock represent 6.68% of the outstanding shares of Series B Preferred Stock. The tender offer will expire at 5:00 p.m., Chicago time, on Friday, April 13, 2012, unless extended by Mattersight.


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