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Topic: Tender offer


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In the News (Mon 28 Dec 09)

  
  Digital Look - Andrews Sykes (ASY), Charts, News, Financials, and More
The Board believes that a tender offer is an appropriate means of returning funds to Shareholders as (subject to the provisions relating to certain Overseas Shareholders set out in Part III of this document) it gives all Shareholders the choice of whether or not to participate in the return of capital.
Tender Offer The Tender Offer is conditional on the passing of the Resolution and, in view of the Capital Reduction, Court confirmation as well.
The Tender Offer is conditional on the matters set out in paragraph 2 of Part II of this document and the Tender Offer may be terminated on or before the Closing Date in the circumstances set out in paragraph 4 of Part II of this document.
www.digitallook.com /news/rns/516306-10868/ASY-Tender_Offer.html   (2787 words)

  
  Tender offer - Wikipedia, the free encyclopedia
Tender offer is a term typically used in corporate finance to mean a public, open offer by an entity to buy stock from the existing stockholders of a publicly traded corporation under specific terms in effect for a specific period.
In the United States, tender offers are regulated by the Williams Act.
In a tender offer, the stockholders of the targeted company are asked to tender or surrender their stock holdings for a stated value (usually higher than the current market price or at premium) subject to the tendering of a minimum and maximum number of shares.
en.wikipedia.org /wiki/Tender_offer   (160 words)

  
 Rule 13e-4 -- Tender Offers by Issuers
The term issuer tender offer refers to a tender offer for, or a request or invitation for tenders of, any class of equity security, made by the issuer of such class of equity security or by an affiliate of such issuer.
Prohibit an issuer or affiliate from making a tender offer excluding all security holders in a state where the issuer or affiliate is prohibited from making the tender offer by administrative or judicial action pursuant to a state statute after a good faith effort by the issuer or affiliate to comply with such statute.
The issuer tender offer is not in violation of paragraph (j)(1) of this section.
www.law.uc.edu /CCL/34ActRls/rule13e-4.html   (4332 words)

  
 International Paper Announces Debt Tender Offer
Holders of bonds subject to the tender offer who validly tender their bonds after the early tender date and on or before the expiration date and whose bonds are accepted for purchase will receive the applicable late tender offer consideration, namely the total tender offer consideration less the applicable early tender premium.
In addition to the applicable total tender offer consideration or applicable late tender offer consideration, as the case may be, accrued and unpaid interest up to, but not including, the applicable settlement date will be paid in cash on all validly tendered bonds accepted for purchase in the tender offer.
Holders of bonds subject to the tender offer who validly tender their bonds on or before the early tender date may not withdraw their bonds after the early tender date except in the limited circumstances described in the offer to purchase.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/11-22-2006/0004479330&EDATE=   (1042 words)

  
 NASCAR.com - General Mills Announces Tender Offer for up to $500 Million of Its 6% Notes Due 2012 - March 23, 2005
The terms and conditions of the tender offer are described in an offer to purchase dated March 23, 2005 and the accompanying letter of transmittal.
Upon consummation of the tender offer, holders that validly tender and do not validly withdraw their notes and whose notes are accepted for payment will receive accrued and unpaid interest from the last interest date before the tender offer up to, but not including, the settlement date.
The tender offer is not contingent upon the tender of a minimum principal amount of notes, but if the aggregate principal amount of notes validly tendered and not validly withdrawn exceeds $500 million, General Mills will accept notes for purchase on a pro rata basis based on the principal amount of notes tendered.
www.nascar.com /2005/news/business/press/03/23/3994219   (661 words)

  
 Pilgrim's Pride - Investors - Gold Kist Debt Tender Offer
The tender offer will cover all of the outstanding Notes and will be made on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement to be dated September 29, 2006.
The tender offer is conditioned upon, among other things, the receipt of consents from the holders of a majority in aggregate outstanding principal amount of the Notes and satisfaction of the conditions to the equity tender offer.
In addition, holders who tender and do not withdraw their Notes in the tender offer will receive accrued and unpaid interest from the last interest payment date up to, but not including, the date payment is made for the Notes.
www.pilgrimspride.com /investors/GoldKist/debtto.aspx   (889 words)

  
 Private Investment and Intention to Commence a Dutch Auction Tender Offer   (Site not responding. Last check: 2007-10-24)
The tender offer is expected to commence on or about June 16, 2003, and to expire, unless extended, at 5:00 p.m., Eastern time, on or about July 14, 2003.
The offer is subject to a number of other terms and conditions that will be specified in the offer to purchase to be distributed to stockholders.
The offer to purchase, letter of transmittal and related documents will be mailed to stockholders of record and will also be made available for distribution to beneficial owners of the company's common stock.
www.superiorconsultant.com /Pressroom/releases/060903.asp   (1480 words)

  
 Seagate Technology News Release Seagate Technology International Increases Tender Offer Consideration   (Site not responding. Last check: 2007-10-24)
The Offeror commenced its tender offer and consent solicitation on the terms and conditions set forth in its Offer to Purchase and Consent Solicitation Statement, dated April 15, 2002 (the "Offer to Purchase and Consent Solicitation Statement").
The Offer to Purchase and Consent Solicitation Statement and related Consent and Letter of Transmittal set forth the terms of the tender offer and the consent solicitation in greater detail.
This press release shall not constitute an offer to purchase or a solicitation of acceptances of the tender offer and consent solicitation, which may only be made pursuant to the terms of the Offer to Purchase and Consent Solicitation Statement and the related Consent and Letter of Transmittal.
seagate.com /cda/newsinfo/newsroom/releases/article/0,1121,1422,00.html   (573 words)

  
 Bristol Myers Squibb Prices Tender Offer   (Site not responding. Last check: 2007-10-24)
The purchase price for Notes tendered and accepted for payment pursuant to the tender offer is payable only to holders who validly tender their Notes before 5 p.m., ET, on the Scheduled Expiration Date and do not validly withdraw their tender.
Holders who tender their Notes in the offer may withdraw their tender at any time prior to 5 p.m., ET, on the Scheduled Expiration Date, but not thereafter, except as may be required by law.
Settlement of the tender offer is expected to occur on Monday, April 4, 2005.
www.bms.com /news/press/data/pf_press_release_5495.html   (663 words)

  
 IRI | Information Resources - Global - Gingko Acquisition Corp. Successfully Closes Tender Offer for Information ...   (Site not responding. Last check: 2007-10-24)
The tendering of shares in this amount satisfied the condition to completion of Gingko's tender offer that at least 16,000,000 of the outstanding shares of IRI common stock be tendered.
All shares properly tendered during the subsequent offering period will be accepted, and tendering stockholders will be issued one CVR per tendered share and be paid $3.30 per share in cash promptly following acceptance, the same consideration paid in the original offering period.
Following this merger, all remaining IRI stockholders who did not tender their shares in the tender offer or the subsequent offering period and do not properly exercise and perfect appraisal rights will receive the same CVR per share and $3.30 per share in cash that were issued and paid in the tender offer.
www.infores.com /public/us/newsEvents/press/2003/us_news_110303.htm   (1020 words)

  
 Synopsys Extends Tender Offer for Shares of Numerical Technologies, Inc.   (Site not responding. Last check: 2007-10-24)
The depositary for the offer has advised Synopsys and Neon Acquisition that, as of such time, an aggregate of approximately 28,993,133 shares of Numerical common stock were tendered to Neon Acquisition pursuant to the offer, including approximately 9,726,820 shares delivered through notices of guaranteed delivery, representing approximately 85% of the Numerical shares outstanding.
The tender offer remains subject to the terms and conditions set forth in the offer to purchase, as amended, and other related materials filed by Synopsys and Neon Acquisition with the Securities and Exchange Commission.
Neon Acquisition and Synopsys have filed a Tender Offer Statement on Schedule TO, as amended, containing an offer to purchase, form of letter of transmittal and other documents relating to the tender offer, and Numerical has filed a Solicitation/Recommendation Statement on Schedule 14D-9, as amended, with respect to the tender offer with the SEC.
www.synopsys.com /news/announce/press2003/extend_offer_pr.html   (590 words)

  
 Russel Metals and RMI Subsidiary Announce Tender Offer   (Site not responding. Last check: 2007-10-24)
The tender offer is subject to various conditions, including the receipt of consents necessary to approve the amendments to the indenture governing the Notes.
Information regarding the pricing, tender and delivery procedures and conditions of the tender offer and consent solicitation is contained in the Offer to Purchase and Consent Solicitation Statement dated January 23, 2004, and related documents.
The tender offer is conditional on the completion of the offering of the new senior notes.
www.steelnews.com /04/jan04/jan70.htm   (586 words)

  
 PRESS RELEASE Modern Technology Corp Initiates Tender Offer to Acquire Harvey Electronics   (Site not responding. Last check: 2007-10-24)
A subsequent offering period, if one is included, will be an additional period of time beginning after we have purchased shares tendered during the offer, during which stockholders may tender, but not withdraw, their shares and receive the offer consideration.
The offer is conditioned upon, among other things there being validly tendered and not withdrawn before the expiration of the offer a number of shares representing at least a majority of the total number of shares outstanding on a fully diluted basis.
Subject to the terms and conditions of the offer, we will pay for all validly tendered and not withdrawn shares promptly after the later of the date of expiration of the offer and the satisfaction or any waiver of the conditions to the offer relating to governmental or regulatory approvals.
www.marketwire.com /mw/release_html_b1?release_id=121041   (1762 words)

  
 AMI Semiconductor Announces Tender Offer and Consent Solicitatio
The tender offer and consent solicitation will be conditioned, among other things, on the Company entering into a proposed new senior secured credit facility, which will be used together with existing cash to fund the purchase of the Notes.
In addition, holders who validly tender and do not validly withdraw their Notes in the tender offer will receive accrued and unpaid interest from the last interest payment date up to, but not including, the date of payment.
The full terms of the tender offer and the consent solicitation are set forth in the Company’s Offer to Purchase and Consent Solicitation Statement, dated March 2, 2005, and in the related Consent and Letter of Transmittal.
www.amis.com /news/releases/2005/Q1/050302_tender_offer.html   (593 words)

  
 PRESS RELEASE Alderwoods Group, Inc. Announces Further Extension of Tender Offer for Its 7.75% Senior Notes Due ...   (Site not responding. Last check: 2007-10-24)
The tender offer is being further extended to November 28, 2006 in order to coordinate the closing of the tender offer with Service Corporation International's anticipated closing of the acquisition of Alderwoods.
As a result, if any tendered Notes are validly withdrawn, it is expected that Alderwoods and the indenture trustee will execute a supplemental indenture in respect of such amendments, with such amendments to become operative upon the acceptance for payment of Notes pursuant to the tender offer.
The tender offer and consent solicitation are being made solely by the Offer to Purchase and Consent Solicitation Statement dated September 7, 2006.
www.marketwire.com /mw/release_html_b1?release_id=185807   (1062 words)

  
 Mini-Tenders, Big Headaches [Fool.com] December 08, 2006
A tender offer is a proposal that one company makes to shareholders of another company to acquire their shares, in order to take control of the shareholders' company.
In most cases, a tender offer includes some sort of premium; otherwise, shareholders of the company being acquired have little incentive to surrender their shares.
Companies whose shares are subject to the tender offer have to waste time preparing press releases declaring their opposition to the mini-tender offer, and explaining the offer's nature to some of their more uninformed shareholders.
www.fool.com /investing/general/2006/12/08/minitenders-big-headaches.aspx   (985 words)

  
 Oracle Makes Cash Tender Offer for Retek at $9.00 per Share   (Site not responding. Last check: 2007-10-24)
As the price we are offering represents a premium to that offered by SAP on essentially the same non-financial terms, it constitutes a Superior Company Proposal within the meaning of your merger agreement with SAP.
To minimize any timing discrepancy between our offer and the transaction with SAP and to accelerate payment to your shareholders, we are making a public announcement of our offer simultaneously with the delivery of this letter.
We plan to commence a cash tender offer on March 9 with essentially the same terms and conditions as the SAP tender offer, but at a higher price.
www.oracle.com /corporate/press/2005_mar/retek_offer.html   (815 words)

  
 Tender Offer
A tender offer is a broad solicitation by a company or a third party to purchase a substantial percentage of a company’s shares or units for a limited period of time.
The offer is at a fixed price, usually at a premium over the current market price, and is contingent on shareholders tendering a fixed number of their shares or units.
Regulation 14E, the SEC’s tender offer rules generally do not apply to tender offers that result in ownership of less than five percent—also known as "mini-tender offers." You can learn more about the risks of mini-tender offers by reading our information on that topic.
www.sec.gov /answers/tender.htm   (227 words)

  
 News: Gilead Sciences Extends Expiration Date for Tender Offer for Myogen Until November 13, 2006. Genetic Engineering ...
Therefore, the initial expiration date for the tender offer is being corrected and extended in order to ensure that the tender offer will remain open for the full minimum twenty business-day period required under Rule 14e-1 of the Securities Exchange Act of 1934, as amended.
The tender offer is expected to close by the end of the fourth quarter of 2006, subject to customary closing conditions.
The tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other offer documents) and the Solicitation/Recommendation Statement contain important information, which should be read carefully before any decision is made with respect to the tender offer.
www.genengnews.com /news/bnitem.aspx?name=7966018   (731 words)

  
 Geac Commences Tender Offer to Acquire Comshare
The tender offer is being made pursuant to the previously announced definitive merger agreement between Geac and Comshare dated as of June 22, 2003.
The offer is conditioned upon, among other things, there being validly tendered and not properly withdrawn prior to the expiration date of the offer shares of Comshare common stock representing not less than a majority of Comshare’s total outstanding shares, calculated on a fully diluted basis.
The tender offer is expected to be consummated by August 2003, and, assuming at least 90% of Comshare’s outstanding common stock is tendered, the merger will close immediately thereafter.
www.extensity.com /object/pr070103.html   (580 words)

  
 Morrison & Foerster : Legal Updates & News : Bulletins : SEC Amends Tender Offer “Best Price” Rule
The SEC’s intent in amending the rules is to eliminate the regulatory disincentive to the use of tender offers and put tender offers on an equal footing with other acquisition structures, principally mergers.
In a tender offer, however, the SEC reviews the documents during the pendency of the offer, typically allowing tender offers to close several weeks earlier than a comparable merger transaction.
A cash tender offer also may result in quicker initial antitrust review, since the waiting period under the Hart-Scott-Rodino Act for a cash tender offer is 15 days while for a merger it is 30 days.
www.mofo.com /news/updates/bulletins/bulletin02196.html   (1333 words)

  
 IDT Corporation - Press Releases
The expiration date for the tender offer is Monday, December 12, 2005, unless the offer is extended.
The offer is subject to the non-waivable condition that the offer shall have been accepted by holders of a majority of the outstanding shares of Net2Phone common stock not already otherwise owned by IDT and its affiliates.
The solicitation of offers to sell shares of Net2Phone common stock is made pursuant to a tender offer statement on Schedule TO and an offer to purchase and related materials filed with the SEC.
www.idt.net /about/press/story.aspx?id=12753   (824 words)

  
 Dow Tender Offer for Ascot Declared Unconditional as to Shareholder Acceptances   (Site not responding. Last check: 2007-10-24)
Earlier this week, Dow announced it had extended the offer period related to the tender offer until May 29.
This offer will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
In addition, the offer is not being made in or into Canada, Australia or Japan.
news.dow.com /prodbus/2001/20010525a_pb.html   (427 words)

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