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Notes validly tendered (and not validly withdrawn) after the Dutch Auction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
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
781045AY5)) (the "Bonds") via a modified Dutch auction
(the "Modified Dutch Auction