OWINGS MILLS, Md.-Wireless data company Aether Systems Inc. announced it completed its tender offer for a portion of its debt securities, with $38 million in principal amount of the notes being tendered.
“We wanted to support our stakeholders by providing this liquidity opportunity and we are encouraged by the results,” said Dave Oros, the company’s chairman and chief executive officer. “While the offer to repurchase was higher, these results represent a vote of confidence in terms of how the company is positioned for the long term. We will continue to move forward on our strategic plan.”
