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$IEGH News – IEG Holdings Corporation Announces Commencement of Tender Offer for Shares of OneMain Holdings Inc.

Friday, January 6, 2017 7:39
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FinancialNewsMedia.com News Alert: LAS VEGAS, NV – (http://www.financialnewsmedia.com News Alert) – IEG Holdings Corporation (OTCQB: IEGH) (“IEG Holdings”) today announced the commencement of a tender offer to purchase up to all outstanding shares of common stock of OneMain Holdings Inc., a NYSE-listed company (“OneMain”); provided, however, that IEG Holdings is willing to accept any number of shares of OneMain common stock, even if such shares, in the aggregate, constitute less than a majority of OneMain’s outstanding common stock.

The offer is scheduled to expire at 12:00 Midnight Eastern time on Monday, February 6, 2017 unless the offer is extended or earlier terminated.

Consummation of the offer is conditioned upon satisfaction of certain customary conditions. Shares that are tendered pursuant to a notice of guaranteed delivery but not actually delivered to the depository and exchange agent for the tender offer, Computershare Trust Company, N.A., prior to the expiration time of the offer will not be deemed to be validly tendered into the offer unless and until such shares underlying such notices of guaranteed delivery are delivered. Read this and more news for IEGH at: http://financialnewsmedia.com/profiles/iegh.html

Complete terms and conditions of the offer are set forth in the Letter of Transmittal and other related materials and in the registration statement on Form S-4, which were filed by IEG Holdings with the Securities and Exchange Commission (the “SEC”) yesterday.

Copies of the Letter of Transmittal and other related materials are available free of charge from Georgeson LLC, the information agent for the offer. OneMain stockholders who have questions regarding the tender offer should contact the information agent at (800) 279-6913 (toll-free). Computershare Trust Company, N.A. is acting as depository for the tender offer.

Additional Information

This press release is provided for informational purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell any securities. IEG Holdings has filed with the SEC a Registration Statement on Form S-4 and a Tender Offer Statement on Schedule TO containing a letter of transmittal and other…



Source: http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=944

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