Regions Northern Virginia

NeuStar Inc. plans to buy 7.25 million shares of its stock

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Sterling-based NeuStar Inc. plans to buy 7.25 million shares of its Class A stock as a result of a $250 million “Dutch auction” tender offer.

The auction was oversubscribed with 8.16 million shares tendered by shareholders by a Dec. 2. deadline.

The company will pay $34.50 per share for 88.6 percent of the share.

NeuStar’s stock price has ranged from $22.24 to $34.73 in the past year and closed Friday at $34.33.

The 7.2 million shares make up about 9.9 percent of the company’s outstanding stock.

NeuStar offers clearinghouse services to a number of communications companies and Internet service providers.


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