INVE Technologies Stock Climbs 25% On $20 Mln Modified Dutch Auction Tender Offer Of Shares

India, Oct. 21 -- Shares of INVE Technologies, Inc. (INVE) are gaining 25 percent on Wednesday morning after the company commenced a modified 'Dutch auction' self-tender offer to purchase for cash upto $20 million in value of shares of its common stock, $0.001 par value per share, at a price not greater than $3.40 per share nor less than $2.85 per share.

The company's shares are currently trading at $2.79 on the Nasdaq, up 25.90 percent. The stock opened at $2.69 and has climbed as high as $2.84 so far in today's session. Over the past year, it has traded in a range of $2.21 to $5.30.

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Published by HT Digital Content Services with permission from RTT News....