Tender Offer

Fortress Commences Dutch Tender for Shares

Fortress Investment Group LLC (NYSE:FIG) (“Fortress” or the “Company”) announced today the commencement of a modified “Dutch auction” self-tender offer to repurchase up to $100,000,000 in cash of its Class A shares, representing limited liability company interests in the Company, at a price per share within the range of $4.25 to $4.75, less applicable withholding…

Scholatic Cancels Dutch Tender Citing Market!

Scholastic Corporation today announced that it had terminated its offer to purchase up to $200 million of its common stock through a modified “Dutch Auction” tender offer which was due to expire at 11:59 p.m. on Tuesday, January 26, 2016. As a result of this termination no shares will be purchased in the offer and all…

New Senior to Conduct Dutch Auction for Shares

New Senior Investment Group Inc.  announced today the commencement of a modified “Dutch auction” self-tender offer to repurchase up to $30,000,000 in cash of shares of its common stock at a price per share within the range of $9.00 to $10.00, less applicable withholding taxes and without interest. The NYSE closing price of New Senior’s…

Scholastic to Conduct Dutch Auction for Shares

Scholastic Corporation, a publishing, education and media company, today announced that its Board of Directors has authorized the repurchase of up to $200 million of the Company’s common stock through a modified “Dutch Auction” tender offer and has approved a plan to generate more rental income from retailers from the lower floors of its headquarters…

Insperity to Dutch Tender for Shares

Insperity, Inc., a leading provider of human resources and business performance solutions for America’s best businesses, today announced that it is commencing a modified “Dutch auction” tender offer to repurchase shares of its common stock up to an aggregate purchase price of $125 million. “Our confidence in our long-term financial outlook, the strength of our…

Nathan’s Commences Dutch Tender for Shares

Nathan’s Famous, Inc. will commence mailing to its stockholders on or about  September 18, 2015 a modified Dutch Auction tender offer to purchase for cash up to 500,000 shares of its common stock, $.01 par value, at a price per share of not less than $33.00 nor greater than $36.00, for a maximum aggregate purchase price of…

H&R Block to Dutch Tender for Shares

H&R Block, Inc., consumer tax services provider, today announced that it is commencing its previously announced “modified Dutch auction” tender offer for up to $1,500,000,000 of its common stock at a price per share not less than $32.25 and not greater than $37.00. The tender offer will expire at 5:00 P.M., New York City time,…

Actions Semi to Tender for Shares

Actions Semiconductor Co., Ltd. , one of China’s fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics, announced today that it is commencing a self “Dutch auction” tender offer today to purchase for cash up to 48,000,000 of its issued and outstanding ordinary shares, which represents…

St. Joe to Tender for Shares

The St. Joe Company will commence a tender offer to purchase up to 16,666,666 shares of its outstanding common stock at a price of $18.00 per share. In connection with authorizing the tender offer, the Company’s board of directors has increased the authority under the Company’s stock repurchase program to $300 million (including previously unused…

Motorola Solutions to Conduct Dutch Tender

Motorola Solutions announced today that it has commenced a modified “Dutch Auction” tender offer to repurchase shares of its common stock for an aggregate purchase price of up to $2 billion (subject to a customary increase if the tender offer is oversubscribed). Motorola Solutions stockholders may tender all or a portion of their shares (1) at…

TIER REIT to Conduct Dutch Auction

TIER REIT, Inc., a Dallas-based real estate investment trust, announced today that it expects to list its shares of common stock on the New York Stock Exchange (NYSE) on or about July 23, 2015 under the ticker symbol “TIER,” with completion of the listing subject to certain customary conditions. In connection with the anticipated listing,…

National Bank Holdings Tenders for Shares

National Bank Holdings Corporation has commenced a modified “Dutch auction” tender offer to purchase up to $100.0 million of its Class A common stock at a price per share not less than $19.60 and not greater than $22.50. The tender offer is expected to expire on July 31, 2015, unless extended. The maximum number of shares proposed…

Global Sources to Tender for $50M Shares

Global Sources Ltd. intends to commence an issuer tender offer by the end of June 2015, with expected completion before the end of July 2015, for up to 6,666,666 shares, or approximately 22.05% of its outstanding common shares as of April 30, 2015, at a purchase price of $7.50 per share in cash. Global Sources…

Universal Truckload to Conduct Dutch Tender for Shares

Universal Truckload Services, Inc. has commenced a modified “Dutch auction” tender offer to purchase up to 1,000,000 shares, or about 3.3%, of its outstanding common stock using funds borrowed under our existing line of credit and available cash, cash equivalents and short-term investments, at a price of not less than $21.50 and not more than $23.50…

Alpha & Omega to Conduct Dutch Tender

Alpha and Omega Semiconductor Limited is commencing a modified “Dutch auction” tender offer to purchase for cash its outstanding common shares for an aggregate purchase price of no more than $30 million. The tender offer is part of the Company’s existing $50 million repurchase program that was previously approved by the Board of Directors in…

Wendy’s to Conduct Dutch Auction Tender

The Wendy’s Company is commencing a modified “Dutch auction” tender offer to repurchase shares of its common stock for an aggregate purchase price of up to $639.0 million. The tender offer is part of an $850 million stock buyback program, which also includes a separate purchase of up to $211.0 million of the Company’s common…

EMCORE to Conduct Dutch Auction for Shares

EMCORE Corporation, a provider of compound semiconductor-based components, subsystems, and systems for the broadband and specialty fiber optics market, has commenced a modified “Dutch auction” tender offer to purchase shares of its common stock, up to an aggregate purchase price of $45 million, at a price not greater than $6.75 nor less than $6.25 per share,…

FNFV to Tender for Shares

Fidelity National Financial Ventures, a tracking stock established to highlight the inherent value of the portfolio companies of Fidelity National Financial, Inc. has approved the repurchase of up to $185 million of FNFV common stock at a price range between $14.30 – $15.40 per common share through a modified Dutch auction tender offer. Under this…

Bravo Brio to Conduct Dutch Tender for Shares

(Market Cap $248M) Bravo Brio Restaurant Group, Inc.has commenced a modified “Dutch auction” tender offer to purchase up to $50 million in value of its common shares. The modified “Dutch auction” tender offer will be financed from borrowings under the company’s new, five-year $100 million senior secured credit facility. The tender offer is being made…

Get insights in your inbox with the Oozing Alpha monthly newsletter.
Join Now!
Newsletter