Tender offer

Amerant Bancorp Inc. Announces Final Results of its Successful Modified Dutch Auction Tender Offer

Retrieved on: 
Wednesday, December 23, 2020
Corporate finance, Finance, Financial economics, Financial markets, Stock market, Equity securities, Tender offer, Keefe, Bruyette & Woods, Tender, Stock, Offer

The Company has been informed by the depositary that the proration rate for the tender offer, after giving effect to the priority for odd lots, is approximately 86.08%.

Key Points: 
  • The Company has been informed by the depositary that the proration rate for the tender offer, after giving effect to the priority for odd lots, is approximately 86.08%.
  • will promptly issue payment for the shares of Class B Common Stock validly tendered and accepted for purchase in the tender offer.
  • The information in this press release describing the tender offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell shares of Class B Common Stock in the tender offer.
  • Keefe, Bruyette & Woods, a Stifel Company, acted as dealer manager and information agent for the tender offer.

DGAP-News: Siltronic AG: Siltronic's Executive Board and Supervisory Board publish joint reasoned statement on GlobalWafers' tender offer and recommend their shareholders to accept the offer

Retrieved on: 
Tuesday, December 22, 2020
Articles, Business law, Business, Corporations, Board of directors, Committees, Corporate law, Supervisory board, Tender offer

After a careful and in-depth examination of the offer document, Siltronic's Executive Board and Supervisory Board recommend in their joint reasoned statement that Siltronic shareholders accept the tender offer.

Key Points: 
  • After a careful and in-depth examination of the offer document, Siltronic's Executive Board and Supervisory Board recommend in their joint reasoned statement that Siltronic shareholders accept the tender offer.
  • The joint statement sets out in detail the underlying financial and non-financial aspects and the overall circumstances which the Executive Board and the Supervisory Board have taken into account in making their recommendation to Siltronic's shareholders to accept the tender offer.
  • Only the reasoned statement of the Executive Board and Supervisory Board is authoritative.
  • The information in this press release does not constitute an explanation or supplement to the contents in the reasoned statement.

Diana Shipping Inc. Announces Extension of Tender Offer for Shares of Common Stock

Retrieved on: 
Tuesday, December 22, 2020
Corporate finance, Stock market, Tender offer, Offer, Stock

On December 15, 2020, the Company announced the commencement of a tender offer to purchase up to 6,000,000 of its common shares using funds available from cash and cash equivalents at a price of $2.00 per share (the "Offer").

Key Points: 
  • On December 15, 2020, the Company announced the commencement of a tender offer to purchase up to 6,000,000 of its common shares using funds available from cash and cash equivalents at a price of $2.00 per share (the "Offer").
  • Stockholders who have previously validly tendered and not withdrawn their shares do not need to re-tender their shares or take any other action in response to the extension of the Offer.
  • Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels.
  • The information in this press release describing Diana Shipping Inc.s tender offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell shares of Diana Shipping Inc.s common stock in the tender offer.

Altice USA Announces Preliminary Results of Its Tender Offer

Retrieved on: 
Tuesday, December 22, 2020
Technology, TV and Radio, Entertainment, Telecommunications, Television, Mass media, Altice USA, Altice, I24 News, Cheddar, Dutch auction, Tender offer

Altice USA, Inc. (NYSE: ATUS) (Altice USA or the Company) announces today the preliminary results of its modified Dutch auction tender offer to repurchase up to $2.5 billion of its Class A common stock which expired at one (1) minute after 11:59 p.m., New York City time, on Monday, December 21, 2020.

Key Points: 
  • Altice USA, Inc. (NYSE: ATUS) (Altice USA or the Company) announces today the preliminary results of its modified Dutch auction tender offer to repurchase up to $2.5 billion of its Class A common stock which expired at one (1) minute after 11:59 p.m., New York City time, on Monday, December 21, 2020.
  • Promptly after such announcement, AST will issue payment for the shares validly tendered and accepted for payment under the tender offer and will return shares tendered and not purchased in the tender offer.
  • King & Co., Inc. All inquiries about the tender offer should be directed to the Information Agent toll free at (866) 745-0271.
  • Altice USA also offers hyper-local, national, international and business news through its News 12, Cheddar and i24NEWS networks.

Tallgrass Energy Partners Announces Expiration and Results of Its Tender Offer for Its 4.75% Senior Notes Due 2023

Retrieved on: 
Tuesday, December 22, 2020
Alternative energy, Energy, Other Energy, Corporate finance, Financial District, San Francisco, Wells Fargo, Tender offer, Finance, Money, Financial economics

TEPs obligation to accept and pay for the tendered Notes is conditioned on, among other things, the closing of the offering of the New Notes (the Notes Offering).

Key Points: 
  • TEPs obligation to accept and pay for the tendered Notes is conditioned on, among other things, the closing of the offering of the New Notes (the Notes Offering).
  • Subject to the completion of the Notes Offering, TEP intends to exercise its right to redeem any Notes that were not tendered in the Tender Offer.
  • TEP has retained Wells Fargo Securities, LLC to serve as the exclusive Dealer Manager for the Tender Offer.
  • This press release is neither an offer to purchase nor a solicitation of an offer to sell any Notes in the Tender Offer.

MVB Financial Corp. Announces Preliminary Results of Tender Offer

Retrieved on: 
Monday, December 21, 2020
Banking, Professional services, Finance, Corporate finance, Finance, Financial markets, Financial economics, Stock market, Tender offer, Stock, Offer, NASDAQ, Williams Act

The information in this press release describing the tender offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell shares of common stock in the tender offer.

Key Points: 
  • The information in this press release describing the tender offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell shares of common stock in the tender offer.
  • Stockholders who have questions or would like additional information about the tender offer may contact the information agent for the tender offer, Georgeson LLC, at (800) 733-6198.
  • The information in this press release describing the Tender Offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell shares of Common Stock in the Tender Offer or an offer to sell or the solicitation of an offer to purchase any new securities.
  • MVB Financial Corp., the holding company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital Market (Nasdaq) under the ticker MVBF.

The Herzfeld Caribbean Basin Fund, Inc. Announces Lifting of Suspension to Self-Tender Policy; Interim January 2021 Tender Offer

Retrieved on: 
Monday, December 21, 2020
Thomas J. Herzfeld, Thomas Jefferson University, Corporate finance, Tender offer

In addition, the Board has approved an interim tender offer for shares to take place in January 2021.

Key Points: 
  • In addition, the Board has approved an interim tender offer for shares to take place in January 2021.
  • The formal offer and specific date and detailed terms of the tender will be announced in the coming weeks.
  • The above statements are not intended to constitute an offer to participate in any tender offer.
  • The HERZFELD/CUBA division of Thomas J. Herzfeld Advisors, Inc. serves as the investment advisor to The Herzfeld Caribbean Basin Fund, Inc. a publicly traded closed-end fund (NASDAQ: CUBA).

DW Healthcare Partners V, L.P. Announces Commencement of the Tender Offer for All Outstanding Ordinary Shares of Parnell Pharmaceuticals Holdings Ltd

Retrieved on: 
Monday, December 21, 2020
Corporate finance, Tender offer

The tender offer will expire on January 21, 2021, at 11:59 P.M., New York City time, unless the tender offer is extended in accordance with the terms of the Master Transaction Agreement.

Key Points: 
  • The tender offer will expire on January 21, 2021, at 11:59 P.M., New York City time, unless the tender offer is extended in accordance with the terms of the Master Transaction Agreement.
  • This press release is neither an offer to purchase nor a solicitation of an offer to sell securities, nor is it a substitute for the tender offer materials that Purchaser will provide in connection with the tender offer.
  • Prior to making any decision regarding the tender offer, Parnell shareholders are strongly advised to read the Offer to Purchase and related Letter of Transmittal and other offer materials.
  • American Stock Transfer & Trust Company, LLC is acting as depositary and paying agent in the tender offer.

Amerant Bancorp Inc. Announces Preliminary Results of its Successful Modified Dutch Auction Tender Offer

Retrieved on: 
Monday, December 21, 2020
Corporate finance, Finance, Financial economics, Financial markets, Stock market, Equity securities, Tender offer, Keefe, Bruyette & Woods, Stock, Offer

As such, Amerant has determined that the preliminary proration rate for the tender offer is approximately 86.07%.

Key Points: 
  • As such, Amerant has determined that the preliminary proration rate for the tender offer is approximately 86.07%.
  • The shares expected to be purchased in the tender offer represent approximately 32% of Amerants shares of Class B Common Stock outstanding as of November 12, 2020.
  • The information in this press release describing the tender offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell shares of Class B Common Stock in the tender offer.
  • Keefe, Bruyette & Woods, a Stifel Company, acted as dealer manager and information agent for the tender offer.

Digicel Announces Final Results of Its Modified Dutch Auction Tender Offer for Its 7.00% PIK Perpetual Convertible Notes

Retrieved on: 
Friday, December 18, 2020
Countries, Digicel, Corporate finance, JAMAICA, Auction, Tender offer, Dutch auction

KINGSTON, Jamaica, Dec. 18, 2020 /PRNewswire/ -- Digicel Group Holdings Limited, formerly known as Digicel Group 0.5 Limited ("Digicel," the "Company", "we" or "us"), today announced the expiration and final results of its previously announced cash tender offer (the "Offer") to spend up to $10.0 million to purchase its 7.00% PIK Perpetual Convertible Notes (the "Notes").

Key Points: 
  • KINGSTON, Jamaica, Dec. 18, 2020 /PRNewswire/ -- Digicel Group Holdings Limited, formerly known as Digicel Group 0.5 Limited ("Digicel," the "Company", "we" or "us"), today announced the expiration and final results of its previously announced cash tender offer (the "Offer") to spend up to $10.0 million to purchase its 7.00% PIK Perpetual Convertible Notes (the "Notes").
  • The Offer was made pursuant to the Offer to Purchase dated November 19, 2020 (the "Offer to Purchase"), as amended by a press release dated December 4, 2020 (the "Press Release").
  • Pursuant to the terms of the "modified Dutch Auction" procedure as described in the Offer to Purchase, the Clearing Price is set at $240 per $1,000 principal amount of Notes (the "Total Consideration").
  • The Offer was made solely pursuant to the terms of the Offer to Purchase, as amended by the Press Release.