Subsequent Events

9 Months Ended

Sep. 30, 2011

Subsequent Events

Subsequent Events

28.      Subsequent Events

The Company evaluated subsequent events through the date of issuance of the accompanying consolidated financial statements.  There were no events requiring disclosure other than the matter below.

Tender Offer

On November 3, 2011, the Company amended its previously announced modified “Duction auction” tender offer to purchase up to 10 million shares, or up to 7.84%, of its outstanding common stock at a price of not less than $1.30 and not more than $1.55 (maximum aggregate purchase price of $15.5 million).  Under the amended terms, the Company is now offering to purchase up to 6,000,000 shares, or up to 4.71%, of its outstanding common stock at a price of not less than $1.25 and not more than $1.35 per share (maximum aggregate purchase price of $8.1 million).  The tender offer, which was previously set to expire on November 2, 2011, is now set to expire on November 22, 2011, unless further extended or withdrawn.