Offer

EQS-News: Telefónica Deutschland's Management Board and Supervisory Board jointly recommend acceptance of the public delisting acquisition offer

Retrieved on: 
水曜日, 4月 10, 2024
Offer, EUR, Joint, Supervisory board, Environment, Supervision, Acquisition, Management, S.A, Property management

The Management Board and the Supervisory Board of Telefónica Deutschland Holding AG ("Telefónica Deutschland") today issued their Joint Reasoned Statement on the voluntary public acquisition offer (“Offer”) by Telefónica Local Services GmbH (“Bidder”), of which Telefónica, S.A. is the sole shareholder, for all shares of Telefónica Deutschland not directly held by the Bidder ("Telefónica Deutschland Shares") against a cash consideration of EUR 2.35 per share (“Offer Price”).

Key Points: 
  • The Management Board and the Supervisory Board of Telefónica Deutschland Holding AG ("Telefónica Deutschland") today issued their Joint Reasoned Statement on the voluntary public acquisition offer (“Offer”) by Telefónica Local Services GmbH (“Bidder”), of which Telefónica, S.A. is the sole shareholder, for all shares of Telefónica Deutschland not directly held by the Bidder ("Telefónica Deutschland Shares") against a cash consideration of EUR 2.35 per share (“Offer Price”).
  • After a careful review of the offer document published by the Bidder on 20 March 2024, the Management Board and the Supervisory Board of Telefónica Deutschland consider the Offer to be fair from a financial point of view.
  • The Management Board and the Supervisory Board of Telefónica Deutschland refrained from obtaining additional fairness opinions.
  • The Management Board and – based on the recommendation of its specially established Acquisition Offer Committee, which is composed exclusively of independent members – the Supervisory Board of Telefónica Deutschland support the Bidder’s Offer and recommend the shareholders to accept the Offer.

SC2 Inc. Announces Offer to Purchase Common Shares of Sherritt International Corporation

Retrieved on: 
火曜日, 4月 9, 2024
Letter, AB, Purchasing, Adelaide Street, SC2, Toronto Stock Exchange, Documentation, The Purchase Price, Proxy, Telephone, Knowledge, News, Suite, TSX, Canada Business Corporations Act, Offer, Reserve Square, Bay Adelaide Centre, Security (finance)

CALGARY, AB, April 8, 2024 /CNW/ - SC2 Inc. ("SC2") is pleased to announce an offer (the "Offer") to purchase up to 21,621,621 common shares of Sherritt International Corporation (TSX: S) ("Sherritt") at a price of $0.37 per common share (the "Purchase Price"), payable in cash.

Key Points: 
  • CALGARY, AB, April 8, 2024 /CNW/ - SC2 Inc. ("SC2") is pleased to announce an offer (the "Offer") to purchase up to 21,621,621 common shares of Sherritt International Corporation (TSX: S) ("Sherritt") at a price of $0.37 per common share (the "Purchase Price"), payable in cash.
  • If the Offer is withdrawn by SC2, SC2 shall cause all common shares delivered pursuant to the Offer to be returned to the shareholders.
  • Full details of the Offer are included in the Letters, including complete instructions for the tendering and delivery of common shares to SC2.
  • Deposited common shares may be withdrawn at any time prior to the time they are taken up by SC2.

The Herzfeld Caribbean Basin Fund, Inc. Announces Final Tender Offer Results

Retrieved on: 
月曜日, 3月 25, 2024
Offer, Fund, Tender, Security (finance)

* The number of common shares to be purchased divided by the number of common shares properly tendered.

Key Points: 
  • * The number of common shares to be purchased divided by the number of common shares properly tendered.
  • The pro-ration factor is subject to rounding adjustment to avoid the purchase of fractional shares.
  • Under the terms and conditions of the Fund’s Tender Offer, if the number of common shares properly tendered exceeds the number of common shares offered to purchase, the Fund will purchase common shares properly tendered on a pro-rata basis (disregarding fractional shares).
  • As indicated above, the Fund will purchase 13.615645% of the common shares properly tendered.

The Herzfeld Caribbean Basin Fund, Inc. ANNOUNCES PRELIMINARY TENDER OFFER RESULTS

Retrieved on: 
水曜日, 3月 20, 2024
Offer, MIAMI, Tender offer, Tender, Fund, Cryptocurrency

The table below shows the preliminary results for the Fund:

Key Points: 
  • The table below shows the preliminary results for the Fund:
    * Equal to 97.5% of the Fund’s NAV per share as of the close of ordinary trading on the NASDAQ on March 19, 2024 (the date the Tender Offer expired).
  • Based on the preliminary results shown above, the Fund expects to purchase a pro-rata allocation of the common shares properly tendered.
  • The above-indicated results are based on preliminary information provided by Equiniti Trust Company, LLC, the depositary for the Tender Offer, are subject to adjustment and should not be regarded as final.
  • The Fund currently expects to announce the final results of its Tender Offer on or about March 25, 2024.

Freddie Mac Announces Results of Tender Offer for Certain STACR Notes

Retrieved on: 
水曜日, 3月 13, 2024
Offer, BofA Securities, Settlement date, Note, Freddie Mac, Security (finance)

The Settlement Date for the Notes tendered and accepted for purchase in the Offer is expected to occur on Thursday, March 14, 2024.

Key Points: 
  • The Settlement Date for the Notes tendered and accepted for purchase in the Offer is expected to occur on Thursday, March 14, 2024.
  • BofA Securities, Inc. and Nomura Securities International, Inc. are lead dealer managers, and Academy Securities, Inc. is co-dealer manager, for the Offer.
  • The distribution of materials relating to the Offer, and the transactions contemplated by the Offer, may be restricted by law in certain jurisdictions where it is legal to do so.
  • If materials relating to the Offer come into your possession, you are required by Freddie Mac to inform yourself of and to observe all of these restrictions.

Cannae Holdings, Inc. Commences Cash Tender Offer to Purchase Up to $200 Million in Value of Shares of its Common Stock

Retrieved on: 
金曜日, 3月 1, 2024
Professional Services, Business, Finance, Midnight, ACT, MAKE, Name, ITS, Expiration, Person, Share repurchase, Offer, LAWS, Security (finance), Trust, CNNE

The Company believes that the Offer is consistent with its long-term goal of driving shareholder value and closing this gap.

Key Points: 
  • The Company believes that the Offer is consistent with its long-term goal of driving shareholder value and closing this gap.
  • However, the Offer is subject to a number of other terms and conditions, which are described in detail in the Offer to Purchase.
  • The Offer Materials contain important information that holders are urged to read before any decision is made with respect to the Offer.
  • THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OR SOLICITATION TO PURCHASE SECURITIES.

CI Financial Reports Financial Results for the Fourth Quarter of 2023

Retrieved on: 
金曜日, 2月 23, 2024
Finance, Consulting, Banking, Professional Services, Asset Management, EST, Asset management, ETF, Disclosure, Armand Assante, Offer, NBF, CIPC, CIO, Security (finance)

Month-end USD/CAD exchange rates of 1.3250, 1.3582, 1.3248, 1.3515, and 1.3540 for December 2023, September 2023, June 2023, March 2023, and December 2022, respectively.

Key Points: 
  • Month-end USD/CAD exchange rates of 1.3250, 1.3582, 1.3248, 1.3515, and 1.3540 for December 2023, September 2023, June 2023, March 2023, and December 2022, respectively.
  • Fourth quarter net loss attributable to shareholders was $63.5 million compared to a net loss of $12.4 million in the third quarter of 2023.
  • Fourth quarter total net revenues increased 16.1% to $715.6 million in the quarter from $616.5 million in the third quarter of 2023.
  • Fourth quarter total expenses increased 26.5% to $753.7 million in the quarter from $595.9 million in the third quarter of 2023.

Citycon announces the results of its tender offer for the outstanding notes of Citycon Treasury B.V. due 2024

Retrieved on: 
火曜日, 3月 5, 2024
ACT, Attention, Offer and acceptance, ITS, WAKE, Euronext Dublin, Surety, Person, Capital market, Euronext, Note, ANY, Settlement date, Offer, Telephone, EUR, NOT, Interest, Tender, AS, Security (finance)

HELSINKI, March 5, 2024 /PRNewswire/ -- On 27 February 2024, Citycon Treasury B.V. (the "Offeror") launched an invitation to holders of its EUR 310,342,000 2.50 per cent Guaranteed Notes due 2024 guaranteed by Citycon Oyj (the "Guarantor") (ISIN: XS1114434167) issued in separate tranches on 1 October 2014 and 10 June 2020 (the "Securities"), to tender any and all of their Securities for purchase by the Offeror for cash (the "Offer") on the terms and subject to the conditions set out in the tender offer memorandum dated 27 February 2024 (the "Tender Offer Memorandum") prepared by the Offeror, including the satisfaction (or waiver) of the Financing Condition, being the successful completion (in the sole determination of the Offeror) of the issue of the New Notes (as defined below). The Offer remains subject to the offer and distribution restrictions set out in the Tender Offer Memorandum.Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.On 28 February 2024, the Offeror priced its EUR 300 million 6.500 per cent. Senior Unsecured Green Notes due 2029 (the "New Notes"). The New Notes are unconditionally and irrevocably guaranteed by the Guarantor. Application will be made for the New Notes to be admitted to listing and trading on the Irish Stock Exchange plc trading as Euronext Dublin. The New Notes are expected to settle on 6 March 2024. The Offeror today announces that, subject to the satisfaction (or waiver) of the Financing Condition, it will accept for purchase EUR 213,253,000 in aggregate principal amount of Securities validly tendered pursuant to the Offer. The total purchase consideration (including Accrued Interest Payments) for Securities validly tendered and accepted for purchase pursuant to the Offer will be EUR 213,688,537.15, which will be funded using a portion of the net proceeds from the New Notes.

Key Points: 
  • The Offer remains subject to the offer and distribution restrictions set out in the Tender Offer Memorandum.
  • Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.
  • Full details concerning the Offer are set out in the Tender Offer Memorandum.
  • The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law.

Metals Acquisition Limited Initial Offering in Connection with ASX Listing Oversubscribed and Upsized to ~A$325million

Retrieved on: 
金曜日, 2月 9, 2024
Mining, Minerals, Natural Resources, Slate, CHESS, CDI, Australian Securities Exchange, Offer, Acquisition, Sale, ASX, MAC, IPO, AEST, Life insurance

The Offer is being undertaken in connection with MAC’s dual listing on the Australian Securities Exchange (“ASX”).

Key Points: 
  • The Offer is being undertaken in connection with MAC’s dual listing on the Australian Securities Exchange (“ASX”).
  • The final price for the Offer has been set at the top of the indicative price range, being A$17.00 (~US$11.18)1 per CDI.
  • Barrenjoey Markets Pty Limited and Canaccord Genuity (Australia) Limited are acting as joint lead managers to the IPO (“Joint Lead Managers”).
  • Gilbert + Tobin, Skadden, Arps, Slate, Meagher & Flom and Ogier are acting as Australian, US and Jersey legal advisors to the Company in relation to the offer and ASX listing.

Gabelli Equity Trust Extends Expiration Date of Tender Offer to January 5, 2024 for Series C and Series E Auction Rate Preferred Stock

Retrieved on: 
月曜日, 12月 11, 2023
Offer, Fund, TIME, Letter, Preferred stock, Security (finance)

RYE, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE: GAB) (the “Fund”) has extended the expiration date of the tender offer (the “Offer”) for all of the Fund’s outstanding Series C Auction Rate Cumulative Preferred Stock and Series E Auction Rate Cumulative Preferred Stock (the “Preferred Stock”) to January 5, 2024.

Key Points: 
  • RYE, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE: GAB) (the “Fund”) has extended the expiration date of the tender offer (the “Offer”) for all of the Fund’s outstanding Series C Auction Rate Cumulative Preferred Stock and Series E Auction Rate Cumulative Preferred Stock (the “Preferred Stock”) to January 5, 2024.
  • This press release is for informational purposes only and shall not constitute an offer or a solicitation to buy any Series C Auction Rate Cumulative Preferred Stock or Series E Auction Rate Cumulative Preferred Stock.
  • The offer to purchase Series C Auction Rate Cumulative Preferred Stock and Series E Auction Rate Cumulative Preferred Stock is being made only pursuant to an offer on Schedule TO.
  • HOLDERS OF SERIES C AUCTION RATE CUMLATIVE PREFERRED STOCK AND SERIES E AUCTION RATE CUMULATIVE PREFERRED STOCK ARE URGED TO READ THE OFFER TO PURCHASE AND ANY SOLICITATION/RECOMMENDATION STATEMENT REGARDING THE OFFER, AS THEY MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF SERIES C AUCTION RATE CUMLATIVE PREFERRED STOCK AND SERIES E AUCTION RATE CUMULATIVE PREFERRED STOCK SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SHARES.