Tender offer

Ball Corporation Announces Cash Tender Offers for Certain Outstanding Debt Securities

Retrieved on: 
Wednesday, February 14, 2024

Each Tender Offer is contingent upon the satisfaction of certain conditions, including the completion of the Disposition on terms satisfactory to Ball.

Key Points: 
  • Each Tender Offer is contingent upon the satisfaction of certain conditions, including the completion of the Disposition on terms satisfactory to Ball.
  • Ball reserves the right to amend, extend, terminate or waive any condition with respect to one Tender Offer without taking a similar action with respect to the other Tender Offer.
  • BNP Paribas Securities Corp. and Morgan Stanley & Co. LLC are serving as dealer managers in connection with the Tender Offers.
  • Each Tender Offer is being made solely pursuant to the Offer to Purchase made available to holders of the Notes.

SuRo Capital Corp. Will Commence a Modified Dutch Auction Tender Offer to Repurchase up to 2 Million Shares of its Common Stock

Retrieved on: 
Wednesday, February 14, 2024

Accordingly, on February 14, 2024, our Board of Directors authorized a modified Dutch Auction Tender Offer to purchase up to 2 million shares of our common stock at a price per share between $4.00 and $5.00.

Key Points: 
  • Accordingly, on February 14, 2024, our Board of Directors authorized a modified Dutch Auction Tender Offer to purchase up to 2 million shares of our common stock at a price per share between $4.00 and $5.00.
  • The Tender Offer will commence on February 20, 2024 and will expire at 5:00 P.M., Eastern Time, on April 1, 2024, unless extended.
  • If the Tender Offer is fully subscribed, the Company will purchase 2,000,000 shares, or approximately 7.9%, of the Company’s outstanding shares of its common stock.
  • The Tender Offer is, however, subject to other conditions, which will be disclosed in the Tender Offer documents.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Final Results of Quarterly Tender Offer

Retrieved on: 
Wednesday, February 14, 2024

The terms and conditions of the Tender Offer were set forth in the Fund's Offer to Purchase, the related Letter of Transmittal and other related documents.

Key Points: 
  • The terms and conditions of the Tender Offer were set forth in the Fund's Offer to Purchase, the related Letter of Transmittal and other related documents.
  • BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. is a diversified, closed-end management investment company.
  • BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management.
  • BNY Mellon Investment Management is a division of BNY Mellon, which has $47.8 trillion in assets under custody and/or administration as of December 31, 2023.

Wynn Resorts Announces Commencement of Tender Offer for Cash by Wynn Las Vegas, LLC for its 5.500% Senior Notes due 2025

Retrieved on: 
Thursday, February 8, 2024

Wynn Resorts will not participate in this Offer.

Key Points: 
  • Wynn Resorts will not participate in this Offer.
  • Wynn Las Vegas reserves the right, in its sole discretion, to waive any and all conditions to the Tender Offer with respect to the Notes.
  • This press release shall not constitute an offer to purchase or the solicitation of an offer to sell the Notes.
  • Wynn Las Vegas has engaged Deutsche Bank Securities Inc. and Scotia Capital (USA) Inc. to act as the dealer managers in connection with the Tender Offer.

EQS-News: MorphoSys Enters into Business Combination Agreement to be Acquired by Novartis for € 2.7 Billion Equity Value

Retrieved on: 
Tuesday, February 6, 2024

Separately, MorphoSys entered into a Purchase Agreement to sell and transfer all rights worldwide related to tafasitamab to Incyte Corporation (“Incyte”).

Key Points: 
  • Separately, MorphoSys entered into a Purchase Agreement to sell and transfer all rights worldwide related to tafasitamab to Incyte Corporation (“Incyte”).
  • “Novartis shares our steadfast commitment to develop and deliver transformative medicines that address the dire needs of cancer patients.
  • Novartis intends to offer MorphoSys’ shareholders € 68.00 per share in cash, for a total equity value of € 2.7 billion.
  • Creates New Opportunities for MorphoSys’ Colleagues: The agreement between Novartis and MorphoSys includes employee commitments.

Bowlin Travel Centers, Inc. Announces Issuer Tender Offer

Retrieved on: 
Thursday, February 1, 2024

The Company expects to fund the purchase of shares in the Tender Offer with available cash.

Key Points: 
  • The Company expects to fund the purchase of shares in the Tender Offer with available cash.
  • The Company reserves the right, in its sole discretion, to waive any and all conditions to the Tender Offer.
  • Subject to applicable law, the Company may amend, extend, terminate or withdraw the Tender Offer.
  • The Company, its Board of Directors, or the Depositary Agent for the Tender Offer has not made and will not make any recommendations to Eligible Holders as to whether to tender or refrain from tendering their shares in the Tender Offer.

Nidec Announces that Takisawa Consolidates Shares and Becomes a Wholly Owned Subsidiary of Nidec

Retrieved on: 
Friday, February 2, 2024

With this share consolidation, Takisawa has become a wholly owned subsidiary of the Company.

Key Points: 
  • With this share consolidation, Takisawa has become a wholly owned subsidiary of the Company.
  • The aforementioned share consolidation is based on the Company’s November 20, 2023 press release, “Notice Regarding the Completion of Purchase and Settlement of Tendered Shares Certificates, etc.
  • in Tender Offer of Takisawa Machine Tool Co., Ltd. (Securities Code: 6121) and its Entry to Nidec Group,” which informed that Takisawa would become a subsidiary of the Company, and that squeeze-out procedures would be carried out to make Takisawa a wholly owned subsidiary of the Company.
  • Takisawa is already deepening its ties with the Nidec Group in a variety of areas including management, business, and administration.

Caesars Entertainment, Inc. Announces the Expiration and Results of Tender Offer for 6.250% Senior Secured Notes Due 2025

Retrieved on: 
Thursday, February 1, 2024

Not including any amount of the Notes submitted pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.

Key Points: 
  • Not including any amount of the Notes submitted pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.
  • $7,449,000 of the Notes were tendered through the guaranteed delivery procedures and we expect to accept such Notes for purchase upon their timely delivery.
  • The Tender Offer is not conditioned on any minimum amount of Notes being tendered.
  • Questions regarding the terms of the Tender Offer may be directed to J.P. Morgan Securities LLC by telephone at (866) 834-4666 (U.S. toll-free) and (212) 834-4087 (collect).

Caesars Entertainment, Inc. Announces the Expiration and Results of Tender Offer for 5.750% Senior Secured Notes Due 2025

Retrieved on: 
Thursday, February 1, 2024

Not including any amount of the Notes submitted pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.

Key Points: 
  • Not including any amount of the Notes submitted pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.
  • $5,711,000 of the Notes were tendered through the guaranteed delivery procedures and we expect to accept such Notes for purchase upon their timely delivery.
  • The Tender Offer is not conditioned on any minimum amount of Notes being tendered.
  • Questions regarding the terms of the Tender Offer may be directed to J.P. Morgan Securities LLC by telephone at (866) 834-4666 (U.S. toll-free) and (212) 834-4087 (collect).

Caesars Entertainment, Inc. Announces Pricing of Tender Offer for 5.750% Senior Secured Notes Due 2025

Retrieved on: 
Tuesday, January 30, 2024

(1) Per $1,000 principal amount of Notes accepted for purchase and excluding accrued and unpaid interest up to, but excluding, the settlement date of the Tender Offer.

Key Points: 
  • (1) Per $1,000 principal amount of Notes accepted for purchase and excluding accrued and unpaid interest up to, but excluding, the settlement date of the Tender Offer.
  • Completion of the Tender Offer is subject to certain market and other conditions, including the completion by the Issuers of new debt financing on terms and conditions satisfactory to them.
  • The Tender Offer is not conditioned on any minimum amount of Notes being tendered.
  • Questions regarding the terms of the Tender Offer may be directed to J.P. Morgan Securities LLC by telephone at (866) 834-4666 (U.S. toll-free) and (212) 834-4087 (collect).