Offer | Jotup

Gabelli Equity Trust Commences Tender Offer for Series C and Series E Auction Rate Preferred Stock

Retrieved on:

Wednesday, November 22, 2023

Offer, Fund, TIME, Letter, Preferred stock, Security (finance)

RYE, N.Y., Nov. 22, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE: GAB) (the “Fund”) has authorized a tender offer (the “Offer”) for all of the Fund’s outstanding Series C Auction Rate Cumulative Preferred Stock and Series E Auction Rate Cumulative Preferred Stock (the “Preferred Stock”).

Key Points:

RYE, N.Y., Nov. 22, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE: GAB) (the “Fund”) has authorized a tender offer (the “Offer”) for all of the Fund’s outstanding Series C Auction Rate Cumulative Preferred Stock and Series E Auction Rate Cumulative Preferred Stock (the “Preferred Stock”).
This press release is for informational purposes only and shall not constitute an offer or a solicitation to buy any Series C Auction Rate Cumulative Preferred Stock or Series E Auction Rate Cumulative Preferred Stock.
The offer to purchase Series C Auction Rate Cumulative Preferred Stock and Series E Auction Rate Cumulative Preferred Stock is being made only pursuant to an offer on Schedule TO.
HOLDERS OF SERIES C AUCTION RATE CUMLATIVE PREFERRED STOCK AND SERIES E AUCTION RATE CUMULATIVE PREFERRED STOCK ARE URGED TO READ THE OFFER TO PURCHASE AND ANY SOLICITATION/RECOMMENDATION STATEMENT REGARDING THE OFFER, AS THEY MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF SERIES C AUCTION RATE CUMLATIVE PREFERRED STOCK AND SERIES E AUCTION RATE CUMULATIVE PREFERRED STOCK SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SHARES.

EQS-News: Management Board and Supervisory Board jointly recommend acceptance of the voluntary public acquisition offer

Retrieved on:

Tuesday, December 26, 2023

Goldman Sachs, S.A, EUR, Joint, Acquisition, Supervisory board, Offer, Citigroup, Security (finance), Bidding

The Management Board and the Supervisory Board of Telefónica Deutschland Holding AG ("Telefónica Deutschland") today issued their Joint Reasoned Statement on the voluntary public acquisition offer (“Offer”) by Telefónica Local Services GmbH (“Bidder”), of which Telefónica, S.A. is the sole shareholder, for all shares of Telefónica Deutschland not directly held by the Bidder ("Telefónica Deutschland Shares") against a cash consideration of EUR 2.35 per share (“Offer Price”).

Key Points:

The Management Board and the Supervisory Board of Telefónica Deutschland Holding AG ("Telefónica Deutschland") today issued their Joint Reasoned Statement on the voluntary public acquisition offer (“Offer”) by Telefónica Local Services GmbH (“Bidder”), of which Telefónica, S.A. is the sole shareholder, for all shares of Telefónica Deutschland not directly held by the Bidder ("Telefónica Deutschland Shares") against a cash consideration of EUR 2.35 per share (“Offer Price”).
After a careful review of the offer document published by the Bidder on 5 December 2023, the Management Board and the Supervisory Board of Telefónica Deutschland consider the Offer to be fair from a financial point of view.
The Management Board and the Supervisory Board conducted the review separately and independently of each other.
The Management Board and – based on the recommendation of its specially established Acquisition Offer Committee, which is composed exclusively of independent members – the Supervisory Board of Telefónica Deutschland support the Bidder’s Offer and recommend the shareholders to accept the Offer.

Announcement regarding N+V AG's voluntary public tender offer to the holders of SFP ISIN IT0005422925 issued by Astaris S.p.A. (formerly Astaldi S.p.A.)

Retrieved on:

Monday, December 25, 2023

Collection, Offer and acceptance, NOS, Email, Offer, Equitas, Communication, Person, Internet, SFP, Diffusion, Telephone, Cryptocurrency, Telescopic sight, Reinsurance

Announcement regarding N+V AG's voluntary public tender offer to the holders of SFP ISIN IT0005422925 issued by Astaris S.p.A. (formerly Astaldi S.p.A.)

Key Points:

Announcement regarding N+V AG's voluntary public tender offer to the holders of SFP ISIN IT0005422925 issued by Astaris S.p.A. (formerly Astaldi S.p.A.)
Registered office at Schochenmühlestrasse 4, 6340 Baar, Switzerland
RE: Announcement regarding the voluntary public tender offer (the "Offer") launched by N+V AG, with registered office at Schochenmühlestrasse 4, 6340 Baar, Switzerland ("Offeror") on 2 November 2023 on maximum nos.
200,000,000 participating financial instruments with ISIN IT0005422925 (the "SFPs") issued by Astaris S.p.A. (formerly Astaldi S.p.A.), for a price of 2.5 euro cent per SFP.
Reference is made to the captioned Offer, as described in more details in the document published by the Offeror on its website at the address www.nv.ag , in section "Purchase offer to security holders of Astaris SpA - Astaldi SpA - Deadline: 30.11.23" (the "Offer Document").
Before submitting acceptances in the Offer during the Extended Acceptance Period, holders of the SFP are invited to read the Supplementary Offer Document.

IDEX Biometrics ASA: Private placement of NOK 35 million successfully placed 15 Nov 2023

Retrieved on:

Wednesday, November 15, 2023

Offer, IDEX Biometrics, Private placement, NOT, Oslo Stock Exchange, Convertible bond, Limited company, Security (finance), Risk, ANY, NOK, OTC Bulletin Board, Prospectus, IDEX, FOR, ISIN, Private

Reference is made to the press release from IDEX Biometrics ASA ("IDEX" or the "Company") published earlier today, 15 November 2023, regarding a contemplated private placement of new shares to raise gross proceeds of up to NOK 35 million (the "Private Placement").

Key Points:

Reference is made to the press release from IDEX Biometrics ASA ("IDEX" or the "Company") published earlier today, 15 November 2023, regarding a contemplated private placement of new shares to raise gross proceeds of up to NOK 35 million (the "Private Placement").
The Private Placement has been successfully placed and will raise gross proceeds to the Company of NOK 35 million, through the issue of 78,651,685 new shares (the "Offer Shares") at a price of NOK 0.4450 per Offer Share (the "Offer Price").
Due to the final number of Offer Shares placed, the announced potential second tranche of the Private Placement is cancelled.
The following primary insiders have subscribed for and been allocated Offer Shares in the Private Placement, ISIN NO0003070609, at the Offer Price, NOK 0.4450 per share:

Brookfield Reinsurance Announces Results of Exchange Offer and Intention to Take Up Brookfield Corporation Class A Shares

Retrieved on:

Tuesday, November 14, 2023

Offer, NYSE, TSX, Brookfield (corporation), NEWS, Reinsurance

BROOKFIELD, NEWS, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE) today announced the preliminary results of its previously announced offer (the “Offer”) through which holders of Class A Limited Voting Shares (“BN Shares”) of Brookfield Corporation (NYSE, TSX: BN) were given the opportunity to voluntarily exchange BN Shares for newly-issued class A-1 exchangeable non-voting shares of Brookfield Reinsurance (“class A-1 exchangeable shares”) on a one-for-one basis.

Key Points:

BROOKFIELD, NEWS, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE) today announced the preliminary results of its previously announced offer (the “Offer”) through which holders of Class A Limited Voting Shares (“BN Shares”) of Brookfield Corporation (NYSE, TSX: BN) were given the opportunity to voluntarily exchange BN Shares for newly-issued class A-1 exchangeable non-voting shares of Brookfield Reinsurance (“class A-1 exchangeable shares”) on a one-for-one basis.
Because Brookfield Reinsurance is a “paired entity” to Brookfield Corporation, this result was achieved without any dilution to Brookfield Corporation or Brookfield Reinsurance.
The Offer also enabled holders of BN Shares whose personal circumstances favor investing in the paired entity through the ownership of Brookfield Reinsurance shares an opportunity to exchange their BN Shares for Brookfield Reinsurance class A-1 exchangeable shares.
After giving effect to the Offer, it is expected that there will be approximately 10.5 million class A exchangeable limited voting shares of Brookfield Reinsurance and approximately 32.5 million class A-1 exchangeable shares outstanding.

Freddie Mac Announces Results of Tender Offer for Certain STACR Notes

Retrieved on:

Friday, November 10, 2023

Note, Offer, Freddie Mac, Wells Fargo, BofA Securities

The settlement date for the Notes tendered and accepted for purchase in the Offer is expected to occur on Tuesday, November 14, 2023.

Key Points:

The settlement date for the Notes tendered and accepted for purchase in the Offer is expected to occur on Tuesday, November 14, 2023.
Wells Fargo Securities, LLC and BofA Securities, Inc. are lead dealer managers, and Academy Securities, Inc. is co-dealer manager for the Offer.
The distribution of materials relating to the Offer, and the transactions contemplated by the Offer, may be restricted by law in certain jurisdictions where it is legal to do so.
If materials relating to the Offer come into your possession, you are required by Freddie Mac to inform yourself of and to observe all of these restrictions.

Imperial announces preliminary results of its substantial issuer bid

Retrieved on:

Monday, December 11, 2023

Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today the preliminary results of its substantial issuer bid (the “Offer”), pursuant to which Imperial offered to purchase for cancellation up to $1.5 billion of its common shares (the “Shares”).

Key Points:

Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today the preliminary results of its substantial issuer bid (the “Offer”), pursuant to which Imperial offered to purchase for cancellation up to $1.5 billion of its common shares (the “Shares”).
Immediately following completion of the Offer, Imperial anticipates that 535,836,803 Shares will be issued and outstanding.
27,768,599 Shares were validly tendered and not withdrawn pursuant to auction tenders at or below the Purchase Price and pursuant to purchase price tenders.
Shareholders who made auction tenders at a price in excess of the Purchase Price should not expect to have any of their Shares purchased by Imperial.

KONTRON AND BSQUARE URGE SHAREHOLDERS TO TENDER AS SOON AS POSSIBLE

Retrieved on:

Thursday, November 30, 2023

Offer, DLA Piper, Tripura Merger Agreement, Agreement, BSQR, Plan, Barnes & Thornburg, Real estate, Bsquare, Kontron, Mergers and acquisitions

While the tender deadline is the end of the day on December 6, 2023, many retail brokers have an earlier deadline for shareholders to instruct the broker to tender their Shares.

Key Points:

While the tender deadline is the end of the day on December 6, 2023, many retail brokers have an earlier deadline for shareholders to instruct the broker to tender their Shares.
For your broker to have time to tender Shares on your behalf, it may have internal deadlines as soon as this Friday, December 1, 2023.
Please contact your broker to understand and complete its required process for tendering your Shares as soon as possible.
Bsquare reminds you that its Board of Directors has recommend that Bsquare shareholders accept the Offer and tender their Shares in the Offer.

CI Financial Reports Financial Results for the Third Quarter of 2023

Retrieved on:

Thursday, November 9, 2023

Month-end USD/CAD exchange rates of 1.3582, 1.3248, 1.3515, 1.3540 and 1.3813 for September 2023, June 2023, March 2023, December 2022 and September 2022, respectively.

Key Points:

Month-end USD/CAD exchange rates of 1.3582, 1.3248, 1.3515, 1.3540 and 1.3813 for September 2023, June 2023, March 2023, December 2022 and September 2022, respectively.
Third quarter total net revenues decreased 20.6% to $616.5 million in the quarter from $776.1 million in the second quarter of 2023.
Third quarter total expenses decreased 10.2% to $595.9 million in the quarter from $663.6 million in the second quarter of 2023.
CI has engaged National Bank Financial Inc. (“NBF”) to act as dealer manager and financial advisor in connection with the Offer.

TECPETROL AND ALPHA LITHIUM ANNOUNCE SUBSEQUENT ACQUISITION TRANSACTION AND COMPLETION OF OFFER

Retrieved on:

Thursday, November 2, 2023

Tecpetrol and Alpha also announce that they have entered into an agreement (the "Acquisition Agreement") providing for the acquisition by Tecpetrol of all of the Alpha shares not acquired pursuant to the Offer (the "Subsequent Acquisition Transaction").

Key Points:

Tecpetrol and Alpha also announce that they have entered into an agreement (the "Acquisition Agreement") providing for the acquisition by Tecpetrol of all of the Alpha shares not acquired pursuant to the Offer (the "Subsequent Acquisition Transaction").
Following completion of the Subsequent Acquisition Transaction, Tecpetrol will own 100% of the Alpha shares and Alpha will be a wholly-owned subsidiary of Tecpetrol.
Subject to the terms of the Acquisition Agreement, Alpha shareholders (other than Tecpetrol) will receive C$1.48 in cash per share pursuant to the Subsequent Acquisition Transaction, the identical consideration offered under the Offer.
The Subsequent Acquisition Transaction will be effected pursuant to the amalgamation of Alpha and a wholly-owned subsidiary of Tecpetrol under the Business Corporations Act (British Columbia) (the "Amalgamation").