Offer

MicroStrategy Announces Commencement of Modified Dutch Auction Tender Offer to Purchase Up to $250 Million of Its Class A Common Stock

Tuesday, August 11, 2020 - 11:00am

The tender offer is scheduled to expire at 5:00 P.M., New York City time, on September 10, 2020, unless the offer is extended or terminated.

Key Points: 
  • The tender offer is scheduled to expire at 5:00 P.M., New York City time, on September 10, 2020, unless the offer is extended or terminated.
  • MicroStrategy believes that the repurchase of Shares pursuant to the tender offer is consistent with its capital allocation strategy and goal of maximizing value for its stockholders.
  • Furthermore, MicroStrategy believes that the tender offer represents a more productive use of its cash.
  • However, the tender offer is subject to a number of other terms and conditions, which are described in detail in the offer to purchase.

Cascades Inc. announces cash tender offer for any and all of its 5.750% Senior Notes due 2023

Monday, August 10, 2020 - 1:59pm

KINGSEY FALLS, QC, Aug. 10, 2020 /PRNewswire/ -Cascades Inc. ("Cascades") (TSX: CAS) today announced that it has commenced a cash tender offer for any and all of its outstanding 5.750% Senior Notes due 2023 (the "Notes"), upon the terms and conditions described in Cascades' Offer to Purchase dated August 10, 2020 (the "Tender Offer").

Key Points: 
  • KINGSEY FALLS, QC, Aug. 10, 2020 /PRNewswire/ -Cascades Inc. ("Cascades") (TSX: CAS) today announced that it has commenced a cash tender offer for any and all of its outstanding 5.750% Senior Notes due 2023 (the "Notes"), upon the terms and conditions described in Cascades' Offer to Purchase dated August 10, 2020 (the "Tender Offer").
  • There can be no assurance that any of the conditions to the Tender Offer will be satisfied.
  • Cascades has engaged Wells Fargo Securities, LLC as Dealer Manager for the Tender Offer.
  • This release contains forward-looking statements with respect to the timing and principal amount of debt securities to be purchased in the Tender Offer, including certain terms and conditions of the Tender Offer.

Nomad Foods Announces Intent to Commence a Tender Offer to Purchase up to $500 Million of its Ordinary Shares

Thursday, August 6, 2020 - 11:45am

The terms and conditions of the tender offer will be described in an offer to purchase and related letter of transmittal that will be sent to the Companys shareholders shortly after commencement of the tender offer.

Key Points: 
  • The terms and conditions of the tender offer will be described in an offer to purchase and related letter of transmittal that will be sent to the Companys shareholders shortly after commencement of the tender offer.
  • The tender offer will be subject to certain conditions described in the offer to purchase.
  • The tender offer will be held open for at least twenty business days following its commencement, and tenders of shares must be made prior to the expiration of the tender offer period.
  • The full details of the tender offer, including complete instructions on how to tender shares, will be included in the offer to purchase, letter of transmittal and related materials, which will become available to shareholders upon commencement of the tender offer.

BGC Announcing Tender Offer For Any And All Of Its $300 Million Outstanding 5.125% Senior Notes Due 2021

Wednesday, August 5, 2020 - 1:30pm

Tendered Notes may be withdrawn at any time at or before the Expiration Time by following the procedures described in the Offer to Purchase.

Key Points: 
  • Tendered Notes may be withdrawn at any time at or before the Expiration Time by following the procedures described in the Offer to Purchase.
  • The Offer to Purchase is not contingent upon the tender of any minimum principal amount of Notes.
  • The complete terms and conditions of the Offer are set forth in the Offer Documents.
  • This press release does not constitute an offer to buy or a solicitation of an offer to sell any Notes.

BGC Announcing Tender Offer For Any And All Of Its $300 Million Outstanding 5.125% Senior Notes Due 2021

Wednesday, August 5, 2020 - 1:30pm

Tendered Notes may be withdrawn at any time at or before the Expiration Time by following the procedures described in the Offer to Purchase.

Key Points: 
  • Tendered Notes may be withdrawn at any time at or before the Expiration Time by following the procedures described in the Offer to Purchase.
  • The Offer to Purchase is not contingent upon the tender of any minimum principal amount of Notes.
  • The complete terms and conditions of the Offer are set forth in the Offer Documents.
  • This press release does not constitute an offer to buy or a solicitation of an offer to sell any Notes.

ESM Management, LLC/Newton Opportunity Fund Announces Extension of Expiration Time for Tender Offer for Certain Notes of MASTR Adjustable Rate Mortgages Trust 2007-3

Friday, July 31, 2020 - 10:00pm

The terms and conditions of the Offers are described in an offer to purchase, dated June 23, 2020 (the Offer to Purchase).

Key Points: 
  • The terms and conditions of the Offers are described in an offer to purchase, dated June 23, 2020 (the Offer to Purchase).
  • Holders of Notes who previously tendered their Notes do not need to retender such Notes or take any other action in response to this announcement in order to receive the applicable tender offer consideration.
  • Except as described in this press release, all terms and conditions of the Offers as described in the Offer to Purchase remain unchanged.
  • Newton Opportunity Fund may, in its sole discretion, terminate, extend or amend the Offers at any time as described in the Offer to Purchase.

ExxonMobil Recommends Shareholders Reject Below-Market Mini-Tender Offer by Ponos Industries LLC

Tuesday, July 28, 2020 - 10:00pm

Ponos' offer price of $48 per share is conditioned on the closing price per share exceeding $48 per share on the last day before the offer expires.

Key Points: 
  • Ponos' offer price of $48 per share is conditioned on the closing price per share exceeding $48 per share on the last day before the offer expires.
  • ExxonMobil recommends that stockholders do not tender their shares in response to Ponos offer because the offer is at a price below a conditional market price for ExxonMobils shares and subject to numerous conditions.
  • ExxonMobil is not affiliated or associated in any way with Ponos, its mini-tender offer or the offer documentation.
  • ExxonMobil recommends that shareholders who have not responded to Ponos offer take no action.

UDR Announces Pricing of Tender Offer for Any and All of Its Outstanding 3.750% Medium-Term Notes Due 2024

Monday, July 20, 2020 - 8:01pm

(2) The Tender Offer Consideration is calculated on the basis of pricing for the U.S. Treasury Reference Security as of 2:00 p.m., New York City time, on July 20, 2020.

Key Points: 
  • (2) The Tender Offer Consideration is calculated on the basis of pricing for the U.S. Treasury Reference Security as of 2:00 p.m., New York City time, on July 20, 2020.
  • The complete terms and conditions of the Offer are set forth in the Offer Documents.
  • This press release shall not constitute an offer to buy or a solicitation of an offer to sell any Notes.
  • As of March 31, 2020, UDR owned or had an ownership position in 51,587 apartment homes including 878 homes under development.

P&G Recommends Stockholders Reject Mini-Tender Offer From Mason Bell LLC

Friday, July 17, 2020 - 2:00pm

P&G is not associated in any way with Mason Bell LLC or its mini-tender offer.

Key Points: 
  • P&G is not associated in any way with Mason Bell LLC or its mini-tender offer.
  • Mason Bell has included a condition in the terms of its offer that permits it to terminate the offer if the price of P&Gs common stock on the New York Stock Exchange decreases below the $106.00 offer price before the offer expires.
  • Unless Mason Bell waives this condition, P&G common stockholders who tender their shares in the offer will receive a below-market price.
  • P&G recommends that common stockholders who have not responded to Mason Bells offer take no action.

Diamondback Energy, Inc. Recommends that Stockholders Reject Below-Market “Mini-Tender” Offer by TRC Capital Investment Corporation

Wednesday, July 15, 2020 - 9:01pm

Diamondback is not affiliated or associated in any way with TRC Capital, the TRC Capital Offer or the offer documentation related to the TRC Capital Offer.

Key Points: 
  • Diamondback is not affiliated or associated in any way with TRC Capital, the TRC Capital Offer or the offer documentation related to the TRC Capital Offer.
  • Diamondback recommends that stockholders reject this unsolicited offer and not tender their shares of Diamondback common stock in response to the TRC Capital Offer for the reasons described below.
  • Diamondback recommends that Diamondbacks stockholders who have not yet responded to the TRC Capital Offer take no action with respect to the TRC Capital Offer.
  • TRC Capitals offering documents also state that TRC Capital may extend the offering period for the TRC Capital Offer at its discretion.