Dutch auction


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Dutch auction

an auction or sale that starts off with a high asking price that is then reduced until a buyer is found. (Viewed by some as insulting to the Dutch.) Dutch auctions are rare—most auctioneers start with a lower price than they hope to obtain. My real estate agent advised me to ask a reasonable price for my house rather than get involved with a Dutch auction.
See also: auction, Dutch
References in periodicals archive ?
The Tender Offer Consideration for each $1,000 principal amount of the Dutch Auction Notes validly tendered (and not validly withdrawn) after the Dutch Auction Early Tender Deadline and at or prior to the Dutch Auction Expiration Date and accepted for purchase will consist of the Total Consideration for the Dutch Auction Notes less the Dutch Auction Early Tender Payment.
Motorola expects to make payment for all debt securities accepted for purchase pursuant to the Dutch Auction Offer in same-day funds today, June 22, 2010.
Womack, associate professor of finance at Dartmouth University, researched IPOs during the 1990s in France--where both the Dutch auction and the system which is traditional to the U.
com is staging 10 Dutch Auctions every day from now until the end of February with a reserve price of just pounds 1 on its holidays to the Balearics.
This last feature is one Ryan considers a key advantage of the Dutch auction, because it "deals with all shareholders equally," he says.
Annex A to this release contains matrices indicating the nominal dollar prices associated with tenders made pursuant to the Dutch Auction Offer at different premiums for each series of debt securities per $1,000 principal amount of debt securities (including the $50 early tender premium) and excluding accrued and unpaid interest.
New York City time, on May 15, 2012 (the "Expiration Time"), which includes the amounts of Dutch Auction Notes tendered at or prior to 5:00 p.
In the Dutch Auction Offer, Motorola is offering to purchase, under certain conditions, its outstanding 6.
exercise of the Issuers' early acceptance right for all Dutch Auction Notes (defined below) tendered prior to the Early Tender Time at or below the Clearing Premium (defined below), and
The Dutch Auction Offer is not conditioned on the issuance of the New Notes, but the Waterfall Offer is conditioned on LMGI issuing at least $350,000,000 aggregate principal amount of New Notes as specified in the Offer to Purchase.
HOUSTON, March 30 /PRNewswire-FirstCall/ -- Marathon Oil Corporation (NYSE: MRO) announced today the reference yield and the range of the Dutch Auction Offer Total Consideration and Dutch Auction Offer Tender Consideration for each series of Notes subject to the Dutch Auction Offer based on the minimum and maximum possible premium for each series of notes subject to its previously announced Dutch Auction Offer.
The tender offer consideration for each $1,000 principal amount of Notes tendered and accepted for purchase in the Dutch Auction Offer (the "Dutch Auction Total Consideration") will be equal to the sum of: (i) the Minimum Bid Price (as set forth in the table above) and (ii) a Clearing Premium, which Clearing Premium will be determined pursuant to a modified "Dutch Auction" process as described in the Offer to Purchase.
In the Dutch Auction Offer, Marathon is offering to purchase, under certain conditions, its outstanding 6.
New York City time on March 29, 2011 (the "Expiration Date"), it had received tenders of $172,427,000 for its outstanding Any and All Securities listed in the table below pursuant to its previously announced Any and All Offer and $632,963,000 for its outstanding Dutch Auction Securities listed in the table below pursuant to its previously announced Dutch Auction Offer.
781045AY5)) (the "Bonds") via a modified Dutch auction (the "Modified Dutch Auction").