Tender offer

Northern California National Bank Announces Results of Recently Completed Tender Offer by Investors and Reverse Stock Split

Retrieved on: 
Friday, July 16, 2021
Stock market, Corporate finance, Stock, Reverse stock split, Tender offer

CHICO, Calif., July 15, 2021 (GLOBE NEWSWIRE) -- Northern California National Bank (NorCal or the Bank) announced today the results of the previously announced cash tender offer by investors seeking to acquire all of the outstanding shares of NorCal (the Investors), a planned reverse stock split and closing of its stock transfer records during the pendency of the reverse stock split.

Key Points: 
  • CHICO, Calif., July 15, 2021 (GLOBE NEWSWIRE) -- Northern California National Bank (NorCal or the Bank) announced today the results of the previously announced cash tender offer by investors seeking to acquire all of the outstanding shares of NorCal (the Investors), a planned reverse stock split and closing of its stock transfer records during the pendency of the reverse stock split.
  • On July 14, 2021, the tender offer was consummated with the Investors now owning 94.1% of the outstanding shares of all the voting capital stock of NorCal.
  • During the pendency of the reverse stock split, the stock transfer books of NorCal will be closed and no further registration of transfers of shares of NorCals capital stock will be made.
  • The Banks ability to predict results, or the actual effect of the tender offer and reverse stock split, including future plans, expectations or strategies, is inherently uncertain.

BBX Capital, Inc. Announces Final Results of Tender Offer

Retrieved on: 
Thursday, July 15, 2021
Professional services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Operating systems, Computer architecture, System software, BBX, Tender offer, BlackBerry 10, BBX Capital Corporation

Based on the final count by American Stock Transfer & Trust Company, LLC, the Depositary for the tender offer, a total of 1,402,785 shares of BBX Capitals Class A Common Stock were properly tendered and not withdrawn.

Key Points: 
  • Based on the final count by American Stock Transfer & Trust Company, LLC, the Depositary for the tender offer, a total of 1,402,785 shares of BBX Capitals Class A Common Stock were properly tendered and not withdrawn.
  • In accordance with the terms and conditions of the tender offer, BBX Capital will purchase all 1,402,785 shares tendered for an aggregate price of approximately $11.2 million, excluding fees and expenses relating to the tender offer.
  • The shares purchased in the tender offer will be canceled by BBX Capital.
  • About BBX Capital, Inc.: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin.

Occidental Announces Early Tender Results of and Upsize in Cash Tender Offers and Consent Solicitations for Certain of its Senior Notes

Retrieved on: 
Wednesday, July 14, 2021
Corporate finance, Tender offer

As the Tender Offers for the 2026 Notes were fully subscribed up to the Sub-Cap as of the Early Tender Time, holders who validly tender 2026 Notes after the Early Tender Time will not have any of such 2026 Notes accepted for payment unless Occidental further increases the Sub-Cap.

Key Points: 
  • As the Tender Offers for the 2026 Notes were fully subscribed up to the Sub-Cap as of the Early Tender Time, holders who validly tender 2026 Notes after the Early Tender Time will not have any of such 2026 Notes accepted for payment unless Occidental further increases the Sub-Cap.
  • The Tender Offers and Consent Solicitations will expire at 11:59 p.m., New York City time, on July 27, 2021, unless earlier extended or terminated by Occidental.
  • Adoption of the Proposed Amendments with respect to each series of Consent Notes requires the requisite consent applicable to such series of Consent Notes as described in the Offer to Purchase (the Requisite Consent).
  • Global Bondholder Services Corporation has been retained to serve as the Tender Agent and Information Agent for the Tender Offers and Consent Solicitations.

BBX Capital, Inc. Announces Preliminary Results of Tender Offer

Retrieved on: 
Monday, July 12, 2021
Commercial Building & Real Estate, Construction & Property, Urban planning, REIT, Specialty, Interior design, Food, Beverage, Other Construction & Property, Retail, Residential Building & Real Estate, Corporate finance, Tender offer, BBX, BBX Capital Corporation

In accordance with the terms and conditions of the tender offer, BBX Capital expects to purchase all 1,420,481 shares tendered for an aggregate price of approximately $11.4 million, excluding fees and expenses relating to the tender offer.

Key Points: 
  • In accordance with the terms and conditions of the tender offer, BBX Capital expects to purchase all 1,420,481 shares tendered for an aggregate price of approximately $11.4 million, excluding fees and expenses relating to the tender offer.
  • The final results of the tender offer will be announced, and payment for shares of BBX Capitals Class A Common Stock accepted for purchase in the tender offer will commence, promptly following completion of the confirmation process.
  • It is expected that the final results of the tender offer will be announced and payment for shares accepted in the tender offer will commence by Thursday, July 15, 2021.
  • About BBX Capital, Inc.: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin.

Bimini Capital Management Announces Final Results of Tender Offer

Retrieved on: 
Thursday, July 8, 2021
Finance, Banking, Professional services, Residential Building & Real Estate, Construction & Property, Financial markets, Finance, Money, Corporate finance, Equity securities, Stock market, Bimini, CUSIP, Common stock, Tender offer, Stock, Par value

Bimini Capital Management, Inc. (OTCQB: BMNM) (Bimini Capital) today announced the final results of its modified Dutch auction tender offer to purchase up to $2.2 million in value of shares of its Class A common stock, par value $0.001 per share (CUSIP numbers: 090319401, 090319708 and 090319807) (the Class A Common Stock), which expired at 5:00 P.M., New York City time, on July 2, 2021 (the Offer).

Key Points: 
  • Bimini Capital Management, Inc. (OTCQB: BMNM) (Bimini Capital) today announced the final results of its modified Dutch auction tender offer to purchase up to $2.2 million in value of shares of its Class A common stock, par value $0.001 per share (CUSIP numbers: 090319401, 090319708 and 090319807) (the Class A Common Stock), which expired at 5:00 P.M., New York City time, on July 2, 2021 (the Offer).
  • Based on these final numbers, following settlement of the Offer, Bimini Capital will have approximately 10,795,676 shares of Class A Common Stock outstanding.
  • Stockholders who have questions or would like additional information about the Offer may contact Broadridge, the information agent for the Offer, toll-free at (855) 793-5068.
  • The forward-looking statements in this communication are based on information available to Bimini Capital as of the date hereof.

McKesson Corporation Announces Offer to Purchase up to $500 Million Aggregate Principal Amount of Debt

Retrieved on: 
Thursday, July 8, 2021
Biotechnology, General Health, Health, Pharmaceutical, Oncology, Contract law, Corporate finance, Tender offer, Offer, Letter of transmittal

The terms and conditions of the Offer are described in the offer to purchase, dated July 8, 2021 (the Offer to Purchase), and the related letter of transmittal (the Letter of Transmittal and, together with the Offer to Purchase, the Offer Documents).

Key Points: 
  • The terms and conditions of the Offer are described in the offer to purchase, dated July 8, 2021 (the Offer to Purchase), and the related letter of transmittal (the Letter of Transmittal and, together with the Offer to Purchase, the Offer Documents).
  • The Offer is subject to the satisfaction or waiver of certain conditions specified in the Offer to Purchase.
  • See Schedule A to the Offer to Purchase for the formula to be used in determining the Full Tender Offer Consideration for the Notes.
  • THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OR SOLICITATION TO PURCHASE NOTES.

CAS Investment Partners to Nominate Slate of Candidates for Election to At Home’s Board of Directors if Hellman & Friedman’s Tender Offer Fails

Retrieved on: 
Wednesday, July 7, 2021
Consulting, Banking, Professional services, Finance, Corporate finance, Offer, Tender offer, Limited liability company, Articles

Clifford A. Sosin, Founder and Portfolio Manager of CAS, commented:

Key Points: 
  • Clifford A. Sosin, Founder and Portfolio Manager of CAS, commented:
    We want to offer our fellow stockholders a viable alternative to the insufficient $37 per share tender offer initiated by H&F.
  • This is why we plan to nominate a slate of highly-qualified and independent director candidates for election to At Homes Board if stockholders reject H&Fs tender.
  • CAS is committed to having a principal serve on its slate and remaining a long-term stockholder if it elects directors to the Board.
  • CAS Investment Partners, LLC is a value-focused investment management firm with offices in New York City and Connecticut.

Bimini Capital Management Announces Preliminary Results of Tender Offer

Retrieved on: 
Tuesday, July 6, 2021
Finance, Banking, Professional services, Residential Building & Real Estate, Construction & Property, Financial markets, Finance, Money, Corporate finance, Equity securities, Stock market, Bimini, CUSIP, Common stock, Tender offer, Stock, Par value

Bimini Capital Management, Inc. (OTCQB: BMNM) (Bimini Capital) today announced the preliminary results of its modified Dutch auction tender offer to purchase up to $2.2 million in value of shares of its Class A common stock, par value $0.001 per share (CUSIP numbers: 090319401, 090319708 and 090319807) (the Class A Common Stock), which expired at 5:00 P.M., New York City time, on July 2, 2021 (the Offer).

Key Points: 
  • Bimini Capital Management, Inc. (OTCQB: BMNM) (Bimini Capital) today announced the preliminary results of its modified Dutch auction tender offer to purchase up to $2.2 million in value of shares of its Class A common stock, par value $0.001 per share (CUSIP numbers: 090319401, 090319708 and 090319807) (the Class A Common Stock), which expired at 5:00 P.M., New York City time, on July 2, 2021 (the Offer).
  • Based on these preliminary numbers, Bimini Capital anticipates that, following settlement of the Offer, it will have approximately 10,795,775 shares of Class A Common Stock outstanding.
  • Stockholders who have questions or would like additional information about the Offer may contact Broadridge, the information agent for the Offer, toll-free at (855) 793-5068.
  • The forward-looking statements in this communication are based on information available to Bimini Capital as of the date hereof.

United Development Funding IV Recommends Shareholders Reject Hedge Fund NexPoint’s Sixth Extended Hostile Tender Offer

Retrieved on: 
Tuesday, July 6, 2021
Corporate finance, Tender offer, Tender

A shareholder that has already agreed to tender its Shares pursuant to the Tender Offer may withdraw any tender of shares up until July 10, 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 July 10, 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.
  • These concerns and the Boards additional reasons for recommending that shareholders reject the Tender Offer are described further in the press releases mentioned above, which are available at www.udfiv.com .
  • This press release contains forward-looking statements relating to United Development Funding IV and the Tender Offer that are based on managements current expectations and estimates and are not guarantees of future performance or future events.

SHAREHOLDER ALERT: WeissLaw LLP Reminds CAI, SYKE, ICON, and AQFH Shareholders About Its Ongoing Investigations

Retrieved on: 
Friday, July 2, 2021
Corporate finance, Financial economics, Finance, Corporations, Stock market, Equity securities, Human resource management, Mergers and acquisitions, Common stock, Tender offer, Stock, Shareholder

The transaction is structured as an all-cash tender offer pursuant to which the company's shareholders will receive $56.00 for each share of CAI common stock that they own.

Key Points: 
  • The transaction is structured as an all-cash tender offer pursuant to which the company's shareholders will receive $56.00 for each share of CAI common stock that they own.
  • Under the terms of the merger agreement, the company's shareholders will receive $54.00 per share in cash for each share of SYKE common stock that they hold.
  • The transaction is structured as an all-cash tender offer in which the company's shareholders will receive $3.15 for each share of ICON common stock that they own.
  • Under the terms of the merger agreement, AQFH shareholders will receive 0.6386shares of United common stock for each AQFH share that they own,representing implied per-share merger consideration of $20.68 based upon United's July 1, 2021 closing price of $32.38.