Safeguard completes Flashtalking sale for $44.8M; launches $35M Dutch auction tender at $7.90-$9.00/share

SAFEGUARD SCIENTIFICS INC

Completed sale of Flashtalking interest for ~$44.8M cash; up to $0.8M additional from escrow over 24 months.
Modified Dutch auction to purchase up to $35M of common stock at $7.90-$9.00/share; expires Oct 1, 2021.
Offer price range above prior day's close of $7.88; management cites commitment to returning value.
CEO Eric Salzman: 'committed to returning value to shareholders when liquidity exceeds needs.'
Board authorizes tender but makes no recommendation; shareholders urged to read offer documents.

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