Sentences with phrase «share cash tender»

In a letter from Simon and Farallon to the Mills board today, the two firms propose a $ 24 per share cash tender offer for Mills» common stock, and an opportunity for Mills» shareholders to exchange their stock for shares of Simon Property Group at a price to be determined at the signing of the merger agreement.

In the presentation, MATH's board discusses in some detail its rationale for recommending that stockholders reject Tiberius Capital's $ 1.25 per share cash tender offer.

Not exact matches

Herbalife also announced a self - tender offer to buy as much as $ 600 million of its own shares that comes with a contingent cash payment if Herbalife is acquired in a private transaction within two years.

Aurora will issue about 50.6 million shares and pay about $ 98 million in cash for the CanniMed Shares tendered as of Thushares and pay about $ 98 million in cash for the CanniMed Shares tendered as of ThuShares tendered as of Thursday.

Under the terms of the agreement, a subsidiary of HPE will commence a tender offer to purchase any and all of the outstanding shares of Nimble common stock for $ 12.50 per share in cash.

2016.01.25 RBC commences tender offer to purchase certain outstanding Depositary Shares Royal Bank of Canada (RY on TSX and NYSE)(«RBC») today announced the commencement of a tender offer to purchase for cash all of its issued and outstanding Depositary Shares,...

2016.02.23 RBC announces final results of Depositary Shares tender offer Royal Bank of Canada (RY on TSX and NYSE)(«RBC») today announced the final results for its previously announced tender offer to purchase for cash all of its issued and outstanding Depositary Shares...

Therefore, given the persistently excessive liquidity of $ 133 billion net cash on Apple's balance sheet, we ask you to present to the rest of the Board our request for the company to make a tender offer, which would meaningfully accelerate and increase the magnitude of share repurchases.

BOSTON (March 12, 2018)-- MFS Investment Grade Municipal Trust (the «fund»)(NYSE: CXH) announced today that it will conduct a cash tender offer to purchase up to 7.5 percent of the fund's outstanding common shares (the «shares») at a price per share equal to 98 percent of the fund's net asset value (NAV) per share as of the close of regular trading on the New York Stock Exchange (NYSE) on the date the tender offer expires.

BVF Acquisition LLC (the «Purchaser»), a wholly owned subsidiary of Biotechnology Value Fund, L.P. («BVF»), announced today that it has commenced a cash tender offer to purchase any and all of the outstanding common stock of Avigen, Inc. (NasdaqGM: AVGN)(«Avigen») that BVF does not own at a price of $ 1.00 per share under the conditions described below.

Additionally, on January 23, 2009, we commenced a cash tender offer to purchase any and all of the outstanding Shares that we do not own at a price of $ 1.00 per Share (the «Offer»).

· First, all stockholders who desire liquidity will have the immediate ability to cash out of their investment in Avigen and receive a payment of $ 1.00 per share by tendering their shares into the BVF tender.

Assuming the conditions to this Offer are satisfied, stockholders would have the choice of (i) tendering their Shares and receiving a fixed cash payment upon the closing of the Offer at a premium to the market price on the day prior to both the announcement of the Offer and the announcement we were seeking to remove the incumbent members of the Board and to elect the Nominees, or (ii) maintaining their investment in the Company and participating in the proposed merger with MediciNova, if it occurs.

Avigen, Inc. (Nasdaq: AVGN), a biopharmaceutical company, today confirmed that BVF Acquisition LLC, a wholly owned subsidiary of Biotechnology Value Fund, L.P. (collectively, «BVF»), had commenced an unsolicited tender offer to purchase all of the outstanding shares of Avigen's common stock that BVF does not already own for $ 1.00 per share in cash.

Mark Lampert, the general partner of BVF, stated, «The tender offer provides stockholders with a choice if BVF's nominees are elected to the Board: they can either tender their shares for near - term cash at a premium to the market price or they can retain their shares and participate with BVF in the future of Avigen, whether through a merger with MediciNova, as hoped, or otherwise.

Biotechnology Value Fund, L.P. To Make Tender Offer For Any And All Outstanding Shares Of Avigen At $ 1.00 Per Share Tender Offer provides stockholders with a near - term cash alternative if BVF nominees are elected BVF reaffirms support for downside - protected merger with MediciNova NEW YORK, Jan. 15 / PRNewswire / — Biotechnology Value Fund, L.P. («BVF») announced today that it intends to make a cash tender offer to purchase any and all of the outstanding common stock of Avigen, Inc. (Nasdaq: AVGN — News; «Avigen») that BVF does not own at a price of $ 1.00 per share under the conditions described bShare Tender Offer provides stockholders with a near - term cash alternative if BVF nominees are elected BVF reaffirms support for downside - protected merger with MediciNova NEW YORK, Jan. 15 / PRNewswire / — Biotechnology Value Fund, L.P. («BVF») announced today that it intends to make a cash tender offer to purchase any and all of the outstanding common stock of Avigen, Inc. (Nasdaq: AVGN — News; «Avigen») that BVF does not own at a price of $ 1.00 per share under the conditions described bshare under the conditions described below.

Tiberius Capital launched its tender offer for MATH on June 1 this year at $ 1.15 cash per share, bidding for 51 % of the outstanding shares.

Tiberius Capital launched its original tender offer for MATH on June 1, 2009 at $ 1.15 cash per share, bidding for 51 % of the outstanding shares.

Tiberius Capital has also launched a tender offer for MATH at $ 1.25 per share in cash.

Most famously and dramatically, the shareholders in Blue Chip Stamps that failed to tender their shares in exchange for Berkshire Hathaway stock in 1983 would only be entitled to $ 700 per share in cash for each share rather than the $ 300,000 per share price of Berkshire Hathaway stock today (though this was in connection with the fractional shares of an acquisition rather than reverse split).

Yeah, going back to that about $ 1.75 cash you have on the balance sheet with the stock trade $ 0.80, and we're willing to buy back stock at $ 1.53, why will you not contemplate, and you have a 4 million share repurchase authorized, why won't you engage in privately negotiated transactions, or a Dutch auction tender offer?

BVF Acquisition LLC (the «Purchaser»), an affiliate of Biotechnology Value Fund L.P. («BVF»), which has commenced a cash tender offer to purchase all of the outstanding shares of Avigen, Inc. (Nasdaq: AVGN)(«Avigen») for $ 1.00 per share, announced today that it has extended the expiration date for the tender offer to 6:00 p.m., New York City time, on Friday, March 6, 2009.

In addition, share tender / buybacks are obviously a great way of returning Zamano's surplus cash pile to shareholders in a value - enhancing manner.

However, it's probably a moot point: While I still think most / all of the company's cash would be better spent on share tender / buybacks, it certainly seems like investors will never revalue the underlying business as it stands — hence the need for acquisitions & diversification.

% of AUM, Andreas Rialas, ARGO, Argo Group, asset managers, catalyst, distressed assets, intrinsic value, Kyriakos Rialas, Price / Cash, share buyback, shareholder activism, tender offer, The Argo Fund

-- Initiate a tender offer to retire (at least) 1/3 of Argo's outstanding shares, priced at 17.6 p (a 15 % discount to current net cash / investments per share).

Enough is enough, and «synergies» be damned... the division's better off sold (a larger competitor could still afford to pay a nice price), and the proceeds / cash on hand invested in i) a share tender offer, and ii) bolt - on acquisitions.

Therefore, the vast majority of NTR's current cash pile of EUR 227 million can & should obviously be made available to shareholders via a share tender or redemption offer.

For simplicity, we'll presume they just do a successful tender offer at market price of EUR 0.39 — their Cash would allow them to retire 229.733 mio shares.

NEW YORK, March 6, 2009 — BVF Acquisition LLC (the «Purchaser»), an affiliate of Biotechnology Value Fund L.P. («BVF»), which has commenced a cash tender offer to purchase all of the outstanding shares of Avigen, Inc. (Nasdaq: AVGN)(«Avigen») for $ 1.00 per share, announced today that it has extended the expiration date for the tender offer to 6:00 p.m., New York City time, on Friday, April 3, 2009.

To avoid endless disagreement, and / or a significantly undervalued tender offer / buyout, shareholders agreed NTR will use its available cash to fund a share redemption, so shareholders will realise in cash virtually all their current investment in NTR (based on current share price).

First, re-set the company's capital structure with share repurchases: Use available cash & a conservative level of debt to make a substantial return of capital to shareholders via a tender offer.

Yes, dividend is good, share buyback is even better (if it's a tender offer)... here's hoping we see some numbers & cold hard cash very soon!

Tiberius Capital has a tender offer for MATH at $ 1.25 per share in cash expiring on July 20.

Rather, TAVF looks for premium prices out of future conversion events such as mergers, spin - offs, divestitures, recapitalizations and share repurchases, including Leveraged Buyouts (LBOs) accomplished via cash tender offers, exchange offers or merger transactions.

Cash & Share Buyback / Tenders: Consider the scale of the potential cash generation implied above, and Donegal's equally large discount to intrinsic value... A strategy of shrinking their outstanding share count is often the simplest & best way for companies to utilize cash, return capital & enhance shareholder vaCash & Share Buyback / Tenders: Consider the scale of the potential cash generation implied above, and Donegal's equally large discount to intrinsic value... A strategy of shrinking their outstanding share count is often the simplest & best way for companies to utilize cash, return capital & enhance shareholder vShare Buyback / Tenders: Consider the scale of the potential cash generation implied above, and Donegal's equally large discount to intrinsic value... A strategy of shrinking their outstanding share count is often the simplest & best way for companies to utilize cash, return capital & enhance shareholder vacash generation implied above, and Donegal's equally large discount to intrinsic value... A strategy of shrinking their outstanding share count is often the simplest & best way for companies to utilize cash, return capital & enhance shareholder vshare count is often the simplest & best way for companies to utilize cash, return capital & enhance shareholder vacash, return capital & enhance shareholder value.

Trilogy has now launched a tender offer for ABTL at $ 0.35 per share, which is at our estimate of ABTL's $ 15.4 M or $ 0.34 per share net cash value, but at a substantial discount to our estimate of ABTL's $ 24.3 M or $ 0.54 per share liquidation value.

To tender your shares and receive $ 1.20 per share in cash, BVF's nominees must be elected.

Here's one potential 5 year share price trajectory: Assume an immediate tender offer (at say, a 30 % premium), with all subsequent free cash flow utilised for ongoing share buybacks, and no change in the current 0.6 P / S multiple:

Today, our wholly - owned subsidiary has commenced a tender offer that provides stockholders with an opportunity to sell shares at $ 0.35 per share in cash.

AUSTIN, Texas, April 20, 2009 — Trilogy Enterprises, Inc. («Trilogy»), a provider of technology powered business services to the automotive industry, today announced that its wholly - owned subsidiary, Infield Acquisition, Inc., has commenced a tender offer to acquire all of the outstanding shares of common stock of Autobytel Inc. (Nasdaq: ABTL) for $ 0.35 net per share in cash.

In this instance, share buybacks & tenders clearly offer the most compelling & attractive utilization of all cash raised (except EUR 5.9 mio for debt reduction).

Also reflects the fact that Conwert's only tendering up to 93 % of KWG's shares — so there's a chance you get pro-rata'd & end up with about a third of your holding trapped in a delisted company — this is likely encouraging some shareholders to sell also — although there may be a shareholder bloc which has indicated it intends to remain invested, so Conwert may expect to cash out all other shareholders fully.

Trilogy had also launched a tender offer for ABTL at $ 0.35 per share, which was at our estimate of ABTL's $ 15.4 M or $ 0.34 per share net cash value, but at a substantial discount to our estimate of ABTL's $ 24.3 M or $ 0.54 per share liquidation value.

L.P. (together with affiliates, «KKR») announced that they have signed an investor agreement under which KKR will launch a voluntary public tender offer for all outstanding publicly - traded shares of GfK for EUR 43.50 per share in an all - cash transaction.

BHP Billiton and Petrohawk Energy Corporation («Petrohawk») announced late yesterday that the companies have entered into a definitive agreement for BHP Billiton to acquire Petrohawk for $ 38.75 per share by means of an all - cash tender offer for all of the issued and outstanding shares of Petrohawk, representing a total equity value of approximately $ 12.1 billion and a total enterprise value of approximately $ 15.1 billion, including the assumption of net debt (more...)

Under the terms of the agreement, General Dynamics will commence a cash tender offer to purchase outstanding shares of CSRA common stock for $ 40.75 per share.

The proposed transaction would have offered an all - cash tender of $ 1.5 billion directly to Taubman shareholders to acquire all of the Bloomfield Hills, Mich. - based REIT's outstanding shares.

Simon and Westfield America announced a joint cash tender offer for all of Taubman's common shares at $ 20 per share...

If more than 66.6 percent of the outstanding preferred shares are tendered, then Brookfield will have the right to convert all of the untendered preferred shares at the price in cash offered in the tender offer, without interest.