Tender offer

Thoma Bravo Commences Tender Offer for All Outstanding Shares and ADSs of Talend

Friday, June 11, 2021 - 1:00pm

The tender offer is being made pursuant to the memorandum of understanding between Talend and Thoma Bravo dated March 10, 2021.

Key Points: 
  • The tender offer is being made pursuant to the memorandum of understanding between Talend and Thoma Bravo dated March 10, 2021.
  • As previously announced on May 5, 2021, the Talend Board of Directors unanimously determined that the Thoma Bravo offer is consistent with and will further the business objectives and goals ofTalend,and is in the best interests of the Company, its employees, and its shareholders, and recommends that all holders of ordinary shares and ADSs accept Thoma Bravo's offer and tender their outstanding shares and/or ADSs to Thoma Bravo.
  • The closing of the tender offer is subject to the valid tender of ordinary shares and ADSs of Talend representing together with ordinary shares and ADSs of Talend beneficially owned by Thoma Bravo, if any at least 80% of the fully diluted ordinary shares and ADSs, as well as the receipt of customary transactional regulatory approvals (including French foreign investment control procedure), and other customary closing conditions.
  • In connection with the proposed acquisition of Talend S.A. ("Talend"), Tahoe BidCo B.V. ("Purchaser") commenced a tender offer for all of the outstanding ordinary shares and American Depositary Shares ("ADSs"), each representing one ordinary share, of Talend on June 11, 2021.

KB Home Announces Completion of Cash Tender Offer for Senior Notes

Wednesday, June 9, 2021 - 9:10pm

KB Home (NYSE: KBH) today announced the results of its previously announced cash tender offer (the Tender Offer) for any and all of its outstanding 7.000% Senior Notes due 2021 (the 2021 Notes), totaling $450,000,000 in aggregate principal amount.

Key Points: 
  • KB Home (NYSE: KBH) today announced the results of its previously announced cash tender offer (the Tender Offer) for any and all of its outstanding 7.000% Senior Notes due 2021 (the 2021 Notes), totaling $450,000,000 in aggregate principal amount.
  • The Tender Offer expired at 5:00 p.m., New York City time, on June 8, 2021 (the Expiration Date).
  • As of the Expiration Date, a total of $269,829,000 in aggregate principal amount of the 2021 Notes had been validly tendered in the Tender Offer, excluding $2,686,000 in aggregate principal amount of 2021 Notes that remain subject to guaranteed delivery procedures.
  • In accordance with the terms and subject to the conditions of the Tender Offer, the Company offered to make a cash payment to all holders who validly tendered their 2021 Notes in the Tender Offer of $1,017.25 per $1,000 principal amount of 2021 Notes tendered (the Offer Consideration), plus accrued and unpaid interest thereon to, but not including, the Settlement Date.

GE Announces Pricing for its Debt Tender Offers

Tuesday, June 8, 2021 - 5:44pm

The Any and All Notes, the GE Capital Notes and the GE Company Notes are together referred to as the Notes.

Key Points: 
  • The Any and All Notes, the GE Capital Notes and the GE Company Notes are together referred to as the Notes.
  • The Capital Notes Tender Offer and the Company Notes Tender Offer are together referred to as the Maximum Notes Tender Offers, and each, a Maximum Notes Tender Offer.
  • The Any and All Tender Offer, the Capital Notes Tender Offer and the Company Notes Tender Offer are together referred to as the Tender Offers, and each, a Tender Offer.
  • King & Co., Inc. has been appointed the information and tender agent with respect to the Offers (the Information and Tender Agent).

rue21 Commences Modified "Dutch Auction" Cash Tender Offer for Its Common Stock

Tuesday, June 8, 2021 - 4:44pm

WARRENDALE, Pa., June 8, 2021 /PRNewswire/ -- Specialty retailer rue21 (r21 Holdings, Inc.) announced today that it is commencing a modified "Dutch Auction" tender offer (the "Offer") to purchase up to $80.0 million in aggregate value of its Class A Common Stock, par value $0.01 ("Class A Common Stock"), and Class B Common Stock, par value $0.01 (the "Class B Common Stock" and, together with the Class A Common Stock, the "Common Stock") at a cash purchase price not greater than $285 nor less than $250 per Share.

Key Points: 
  • WARRENDALE, Pa., June 8, 2021 /PRNewswire/ -- Specialty retailer rue21 (r21 Holdings, Inc.) announced today that it is commencing a modified "Dutch Auction" tender offer (the "Offer") to purchase up to $80.0 million in aggregate value of its Class A Common Stock, par value $0.01 ("Class A Common Stock"), and Class B Common Stock, par value $0.01 (the "Class B Common Stock" and, together with the Class A Common Stock, the "Common Stock") at a cash purchase price not greater than $285 nor less than $250 per Share.
  • Stockholders must validly tender and not validly withdraw their shares of Common Stock by the Expiration Date, in order to be eligible to receive consideration for their shares of Common Stock.
  • A modified "Dutch Auction" tender offer allows stockholders to indicate how many shares of Common Stock and at what price (in increments of $5.00) within the range set forth above they wish to tender.
  • To tender shares of Common Stock, stockholders must follow the instructions described in the Offer to Purchase and the Letter of Transmittal.

GE Announces Early Participation Results, Upsizing and the Accepted Tender Amounts for its Debt Tender Offers: Expects to Repurchase $7B

Tuesday, June 8, 2021 - 1:34pm

The Capital Notes Tender Offer and the Company Notes Tender Offer are together referred to as the Maximum Notes Tender Offers, and each, a Maximum Notes Tender Offer.

Key Points: 
  • The Capital Notes Tender Offer and the Company Notes Tender Offer are together referred to as the Maximum Notes Tender Offers, and each, a Maximum Notes Tender Offer.
  • The Any and All Tender Offer, the Capital Notes Tender Offer and the Company Notes Tender Offer are together referred to as the Tender Offers, and each, a Tender Offer.
  • As previously announced, the Early Participation Date for each Tender Offer was 5:00 p.m., New York City time, on June 7, 2021.
  • The Early Payment Date for each Tender Offer will be promptly following the Early Participation Date and is expected to be on June 9, 2021.

Sysco Corporation Announces Pricing of its Pending Cash Tender Offer to Purchase Certain Outstanding Senior Notes and Debentures

Friday, June 4, 2021 - 9:15pm

* Denotes Securities for which the Full Tender Offer Consideration has been calculated using a yield to the par call date of such Securities.

Key Points: 
  • * Denotes Securities for which the Full Tender Offer Consideration has been calculated using a yield to the par call date of such Securities.
  • As set forth in the Offer to Purchase, holders who validly tendered and did not validly withdraw their Securities at or prior to the Early Tender Time and whose Securities are accepted for purchase will receive the Full Tender Offer Consideration, which includes the Early Tender Payment.
  • The Offer is subject to the satisfaction or waiver of certain conditions, as specified in the Offer to Purchase.
  • THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OR SOLICITATION TO PURCHASE SECURITIES.

BorgWarner Completes Tender Offer and Acquires 89.08% of AKASOL AG

Friday, June 4, 2021 - 1:30pm

AUBURN HILLS,Mich., June 4, 2021 /PRNewswire/ --BorgWarner Inc. (NYSE: BWA) today announced that it has completed the tender offer for shares of AKASOL AG, resulting in BorgWarner owning 89.08% of AKASOL's outstanding shares following completion of the tender offer.

Key Points: 
  • AUBURN HILLS,Mich., June 4, 2021 /PRNewswire/ --BorgWarner Inc. (NYSE: BWA) today announced that it has completed the tender offer for shares of AKASOL AG, resulting in BorgWarner owning 89.08% of AKASOL's outstanding shares following completion of the tender offer.
  • AKASOL is now a majority-owned subsidiary of BorgWarner.
  • BorgWarner will assess what additional actions, if any, it will take to achieve full control and ownership of AKASOL including, without limitation, the delisting of AKASOL's shares.
  • BorgWarner paid approximately 648 million to settle the tender offer from current cash balances, which includes proceeds received from its previously announced public offering of BorgWarner 1.00% Senior Notes due 2031.

Bombardier Announces Cash Tender Offer for Certain Outstanding Senior Notes

Thursday, June 3, 2021 - 1:01pm

The Total Consideration includes, in each case, an early tender payment (the Early Tender Payment) of $30 for each $1,000 principal amount of the Notes, which Early Tender Payment is in addition to, in each case, the applicable Tender Offer Consideration (as defined below).

Key Points: 
  • The Total Consideration includes, in each case, an early tender payment (the Early Tender Payment) of $30 for each $1,000 principal amount of the Notes, which Early Tender Payment is in addition to, in each case, the applicable Tender Offer Consideration (as defined below).
  • Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.
  • Bombardier has retained Global Bondholder Services Corporation to act as the information and tender agent in respect of the Tender Offer.
  • None of the Company, the dealer managers or the information and tender agent makes any recommendations as to whether Holders should tender their Notes pursuant to the Tender Offer.

United Development Funding IV Recommends Shareholders Reject Hedge Fund NexPoint’s Fifth Extended Hostile Tender Offer; Provides Supplemental Information

Wednesday, June 2, 2021 - 2:00pm

A shareholder that has already agreed to tender its Shares pursuant to the Tender Offer may withdraw any tender of shares up until June 11, 2021 (as described in the Tender Offer materials).

Key Points: 
  • A shareholder that has already agreed to tender its Shares pursuant to the Tender Offer may withdraw any tender of shares up until June 11, 2021 (as described in the Tender Offer materials).
  • The Trust requests that a copy of this press release also be included with all distributions of materials relating to the Tender Offer.
  • Tex., 19-34054, Highland Capital Management L.P. vs Highland Capital Management Fund Advisors, L.P., NexPoint Advisors, L.P., Highland Income Fund, NexPoint Strategic Opportunities Fund, et al, N.D.
  • UDF IV may disseminate important information regarding its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.

Box, Inc. Announces Commencement of Modified Dutch Auction Tender Offer to Purchase Up to $500 Million of its Class A Common Stock

Wednesday, June 2, 2021 - 1:30pm

The closing price of Boxs Class A common stock on the New York Stock Exchange on June 1, 2021, the last full trading day before the commencement of the tender offer, was $23.97 per share.

Key Points: 
  • The closing price of Boxs Class A common stock on the New York Stock Exchange on June 1, 2021, the last full trading day before the commencement of the tender offer, was $23.97 per share.
  • Tenders of shares must be made prior to the expiration of the tender offer and may be withdrawn at any time prior to the expiration of the tender offer.
  • The purpose of the tender offer is to return capital to Box stockholders.
  • However, the tender offer is subject to a number of other terms and conditions, which are described in detail in the offer to purchase.