Offer

Tender offer for hybrid capital securities

Retrieved on: 
Tuesday, November 29, 2022
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The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law.

Key Points: 
  • The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law.
  • rsted A/S (rsted) hereby invites holders of its:
    EUR 700,000,000 6.25 % hybrid capital securities due 3013 which is callable at par on the first interest reset date, 26 June 2023, of which EUR 349,978,000 is currently outstanding (the Securities; ISIN: XS0943370543)
    to tender Securities for purchase by rsted on the terms and subject to the conditions set out in the tender offer memorandum dated 29 November 2022 (the Tender Offer Memorandum) (the Offer).
  • The Offer is subject to the successful issuance of the subordinated green hybrid capital securities (New Hybrid Issue) as also announced by rsted today.
  • Together with rsteds New Hybrid Issue, the purpose of the Offer is to refinance the Securities and to proactively manage rsteds hybrid capital portfolio.

Barrick Announces Pricing Terms of its Tender Offer

Retrieved on: 
Friday, November 18, 2022
RBC, Perception, Engineering, DTC, Bloomberg, Depository Trust & Clearing Corporation, Risk, Eric Holder, Barclays Capital Inc. v. Theflyonthewall.com, Inc., Nationalization, Weather, Insurance, Natural gas, Total, Expiration, Maintenance, Settlement date, J. P. Morgan, Expiration date, Mining, Health, Documentation, Barclays, Loss, Silver, Copper, Corruption, Climate change, Treasury, RBC Capital Markets, Epidemic, Electricity, Failure, Water, COVID-19, Offer, Terrorism, Tender, J.P. Morgan & Co., Pandemic, Offer and acceptance, Accident, Gold, Personal Information Agent, Investment, Mail, Life insurance, Security (finance), Note

TORONTO, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick,” the “Company” or the “Offeror”) today announced the pricing terms of its previously announced tender offer (the “Offer”) to purchase for cash any and all of its 5.250% Notes due 2042 (the “Notes”). The Offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase dated November 14, 2022 relating to the Notes (the “Offer to Purchase”) and the accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Tender Offer Documents”). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

Key Points: 
  • Interest will cease to accrue on the Settlement Date for all Notes accepted in the Offer.
  • The Offer is subject to the satisfaction of certain conditions described in the Offer to Purchase.
  • The Offeror reserves the right, subject to applicable law, to waive any and all conditions to the Offer.
  • The Offer is not conditioned on the tender of a minimum principal amount of Notes, and the Offer is not subject to a financing condition.

The Herzfeld Caribbean Basin Fund, Inc. Tender Offer Results

Retrieved on: 
Monday, November 14, 2022
Transfer, Investment, Sale, Dodd–Frank Wall Street Reform and Consumer Protection Act, Failure, NAV, MIAMI, Government, Disclosure, Offer, Fund, Consumer Protection Act, Security (finance), Financial adviser

Subject to final delivery of all tendered shares, the proration factor for shares purchased pursuant to the offer is 14.25%.

Key Points: 
  • Subject to final delivery of all tendered shares, the proration factor for shares purchased pursuant to the offer is 14.25%.
  • In accordance with the terms and conditions of the tender offer, the Fund has accepted for payment all 338,382 common shares subject to the 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).
  • Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

OPAL Fuels Inc. Announces Commencement of Exchange Offer and Consent Solicitation Relating to Warrants

Retrieved on: 
Friday, November 18, 2022
Trucking, Other Energy, Automotive, Oil, Gas, Transport, Energy, Fleet Management, Natural gas, Sale, Communication, Personal Information Agent, OPAL, Opal (fuel), Stock dilution, Warrant, Schedule, Form, Eastern Time Zone, Prospectus, Solicitation, Security (finance), Transport, Consent, Methane, Expiration date, RNG, BofA Securities, Expiration, Exchange, Offer

Pursuant to the Offer, the Company is offering up to an aggregate of 3,861,623 shares of its Class A common stock in exchange for the warrants.

Key Points: 
  • Pursuant to the Offer, the Company is offering up to an aggregate of 3,861,623 shares of its Class A common stock in exchange for the warrants.
  • Parties representing approximately 53.30% of the outstanding public warrants and approximately 100% of the outstanding private placement warrants have agreed to tender their public warrants and private placement warrants (as applicable) in the Offer and to consent to the Warrant Amendment in the Consent Solicitation, pursuant to a tender and support agreement.
  • The Company has engaged BofA Securities as the dealer manager for the Offer and Consent Solicitation (the Dealer Manager).
  • The Offer and Consent Solicitation are being made only through the Schedule TO and Prospectus/Offer to Exchange, and the complete terms and conditions of the Offer and Consent Solicitation are set forth in the Schedule TO and Prospectus/Offer to Exchange.

Spire Global, Inc. Announces Commencement of Exchange Offer and Consent Solicitation Relating to Warrants

Retrieved on: 
Wednesday, November 16, 2022
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Pursuant to the Offer, the Company is offering up to an aggregate of 3,619,996 shares of its Class A Common Stock in exchange for the Warrants.

Key Points: 
  • Pursuant to the Offer, the Company is offering up to an aggregate of 3,619,996 shares of its Class A Common Stock in exchange for the Warrants.
  • Parties representing approximately 21.0% of the outstanding Public Warrants and 100% of the outstanding Private Warrants have agreed to tender their Public Warrants and Private Warrants (as applicable) in the Offer and to consent to the Warrant Amendment in the Consent Solicitation, pursuant to a tender and support agreement.
  • The Company has engaged Deutsche Bank Securities as the dealer manager for the Offer and Consent Solicitation (the Dealer Manager).
  • The Offer and Consent Solicitation are being made only through the Schedule TO and Prospectus/Offer to Exchange, and the complete terms and conditions of the Offer and Consent Solicitation are set forth in the Schedule TO and Prospectus/Offer to Exchange.

The Pershing Square Funds Have Extended Their Tender Offer and Increased the Price Range for up to 6,340,000 Common Shares of The Howard Hughes Corporation

Retrieved on: 
Friday, November 11, 2022
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The Purchasers have stated that the newly increased price range represents the Purchasers best and final offer.

Key Points: 
  • The Purchasers have stated that the newly increased price range represents the Purchasers best and final offer.
  • The $70.00 high-end of the price range represents a 28% premium above the closing price of the Common Shares on October 13, 2022, the last trading day prior to the announcement of the Offer.
  • Any extension of the Offer will be announced publicly on the first business day after the Expiration Date.
  • About Pershing Square Capital Management, L.P.
    Pershing Square Capital Management, L.P., based in New York City, is a SEC-registered investment advisor to investment funds.

Growing Preference for Online Shopping Invigorate the E-Commerce Industry

Retrieved on: 
Friday, November 11, 2022
Economics, TMI, NASDAQ, Board, Human, Social, Goal, EBAY, Offer, BigCommerce, Growth, Policy, Industry, Company, Treasury, Special dividend, Leg, Research, BIGC, COVID-19, Privacy policy, News, Bias, Disclosure, Social media, EBay, Lead, SF Express, RMB, MNI - Market News, Efficiency, Snap, Financial News, Contextual advertising, Marketing, Snap Inc., Ecosystem, Habit, Privacy, Advertising, Editorial, COVID, Use, Partnership, NYSE, Cargo, Online shopping, Public relations, Politics

NEW YORK, Nov. 11, 2022 /PRNewswire/ -- China's logistics and shipping industry has been growing at a rapid, yet steady pace for decades. However, the COVID-19 pandemic has accelerated development of the industry even further. In recent years, major shifts in shipping and logistics have started to take place. For example, according to McKinsey Insights, recent e-commerce patterns are fueling demand for air freight, an often-underappreciated value driver in the logistics sector. Traditionally, e-commerce supply chains relied mostly on maritime shipping to transport products in bulk to destination countries in advance, before local express providers take over the final leg of the delivery to the end customer. More recently though, there has been a shift in the industry, which is due to digital advances in e-commerce. These advances have empowered mass customization, especially in fast fashion, in what is termed the "direct line" model. This refers to transporting products in bulk via air freight to local postal companies in the final destination, empowering swift last-mile deliveries to the final customers. In fact, many Chinese companies including JD Logistics, Cainiao, SF Express, and YTO Express are actively growing their freighter fleets. This is a sign that the direct-line model is gradually replacing traditional postal and express delivery. Between 2016 and 2020, the demand for direct-line delivery has risen by 84%. Jowell Global Ltd. (NASDAQ: JWEL), ZTO Express (Cayman) Inc. (NYSE: ZTO), Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN), BigCommerce Holdings, Inc. (NASDAQ: BIGC), eBay Inc. (NASDAQ: EBAY)

Key Points: 
  • More recently though, there has been a shift in the industry, which is due to digital advances in e-commerce.
  • In fact, many Chinese companies including JD Logistics, Cainiao, SF Express, and YTO Express are actively growing their freighter fleets.
  • The e-commerce market is driven, in large part, by the increasing preference for online shopping as well as the growing influence of social networking platforms on shopping habits.
  • In addition, the growing trend of private-label services and direct to consumer-based business models are also impacting the outlook for market growth.

Growing Preference for Online Shopping Invigorate the E-Commerce Industry

Retrieved on: 
Friday, November 11, 2022
Economics, TMI, NASDAQ, Board, Human, Social, Goal, EBAY, Offer, BigCommerce, Growth, Policy, Industry, Company, Treasury, Special dividend, Leg, Research, BIGC, COVID-19, Privacy policy, News, Bias, Disclosure, Social media, EBay, Lead, SF Express, RMB, MNI - Market News, Efficiency, Snap, Financial News, Contextual advertising, Marketing, Snap Inc., Ecosystem, Habit, Privacy, Advertising, Editorial, COVID, Use, Partnership, NYSE, Cargo, Online shopping, Public relations, Politics

NEW YORK, Nov. 11, 2022 /PRNewswire/ -- China's logistics and shipping industry has been growing at a rapid, yet steady pace for decades. However, the COVID-19 pandemic has accelerated development of the industry even further. In recent years, major shifts in shipping and logistics have started to take place. For example, according to McKinsey Insights, recent e-commerce patterns are fueling demand for air freight, an often-underappreciated value driver in the logistics sector. Traditionally, e-commerce supply chains relied mostly on maritime shipping to transport products in bulk to destination countries in advance, before local express providers take over the final leg of the delivery to the end customer. More recently though, there has been a shift in the industry, which is due to digital advances in e-commerce. These advances have empowered mass customization, especially in fast fashion, in what is termed the "direct line" model. This refers to transporting products in bulk via air freight to local postal companies in the final destination, empowering swift last-mile deliveries to the final customers. In fact, many Chinese companies including JD Logistics, Cainiao, SF Express, and YTO Express are actively growing their freighter fleets. This is a sign that the direct-line model is gradually replacing traditional postal and express delivery. Between 2016 and 2020, the demand for direct-line delivery has risen by 84%. Jowell Global Ltd. (NASDAQ: JWEL), ZTO Express (Cayman) Inc. (NYSE: ZTO), Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN), BigCommerce Holdings, Inc. (NASDAQ: BIGC), eBay Inc. (NASDAQ: EBAY)

Key Points: 
  • More recently though, there has been a shift in the industry, which is due to digital advances in e-commerce.
  • In fact, many Chinese companies including JD Logistics, Cainiao, SF Express, and YTO Express are actively growing their freighter fleets.
  • The e-commerce market is driven, in large part, by the increasing preference for online shopping as well as the growing influence of social networking platforms on shopping habits.
  • In addition, the growing trend of private-label services and direct to consumer-based business models are also impacting the outlook for market growth.

Daily Mail and General Trust plc: Final Results of Tender Offer for its £200,000,000 6.375 per cent. Bonds due 2027

Retrieved on: 
Thursday, November 3, 2022
R (Daily Mail and General Trust plc) v HM Treasury, Settlement date, Daily Mail and General Trust, Attention, Tender, Company, Offer, Daily Mail, Person, TEL, Security (finance), EU, Bond

The Company has determined that the Final Acceptance Amount will be 50,000,000 and the Purchase Spread will be 450 bps.

Key Points: 
  • The Company has determined that the Final Acceptance Amount will be 50,000,000 and the Purchase Spread will be 450 bps.
  • The Company will not accept for purchase Bonds tendered pursuant to Competitive Tender Instructions that specified a purchase spread less than the Purchase Spread.
  • Final pricing for the Offer took place at or around 11.00 a.m. (London time) today, 1 November 2022.
  • The Company will also pay an Accrued Interest Payment in respect of those Bonds accepted for purchase pursuant to the Offer.

AIB Group plc announces the results of its cash tender offer

Retrieved on: 
Monday, October 17, 2022
Offer and acceptance, Expiration date, Note, Information, Sale, Goodbody, Commission, LLC, J.P. Morgan & Co., United States Department of the Treasury, Settlement date, Person, Tender, Goodbody Stockbrokers, Business, Morgan Stanley, Allied Irish Banks, Private Securities Litigation Reform Act, Offer, New, MAR, III, Expiration, Risk, Airline, Mail, Security (finance), Life insurance, Auction, Purchasing, Eric Holder, EU

LONDON, Oct. 17, 2022 /PRNewswire/ -- AIB Group plc (the "Offeror") announces the results of its previously announced offer to purchase for cash any and all of its outstanding 4.750% Notes due October 12, 2023 (the "Notes") (such offer, the "Offer").

Key Points: 
  • The Offer expired at 5:00 p.m., New York City time, on 14 October, 2022 (the "Expiration Deadline").
  • No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.
  • Holders are urged to carefully read the Offer to Purchase before making any decision with respect to the Offer.
  • This announcement is released by AIB Group plc and contains information that qualified as inside information for the purposes of Article 7 of MAR, encompassing information relating to the Offer described above.