PRICE RANGE OF THE SHARES; DIVIDENDS. According to the Company's 1996 Annual Report to Shareholders (the "1996 Annual Report"), as of March 3, 1997, there were 2,245,411 Shares issued and outstanding, owned by 1,131 shareholders of record. The Shares began trading on the National Association of Securities Dealers Automated Quotations (NASDAQ) System under the symbol "CEDR" on December 17, 1986. The following table sets forth, for the periods indicated, the reported over-the-counter prices for the Shares, all as reported in published financial sources. 1997 Quarter Ended High Low Close ------------- -------- -------- ------- March 31 .................. $4 3/4 $3 7/8 $4 5/8 June 30 ..................... 6 4 1/8 5 5/8 September 30 ............... 6 3/8 5 3/8 5 7/8 December 31 ............... 7 1/4 5 7/8 6 1/2 1996 Quarter Ended ------------- March 31 .................. $4 1/2 $4 $4 1/4 June 30 ..................... 4 1/2 3 7/8 3 7/8 September 30 ............... 4 1/2 3 3/4 4 December 31 ............... 4 1/2 3 5/8 4 1/4 According to the 1996 Annual Report, the Company is required to distribute at least 95% of its taxable income to continue to qualify as a "real estate investment trust" under the Code. In each of 1997 and 1996, the Company paid $0.40 per Share in cash dividends. While the Company expects to continue paying dividends to shareholders after the Offer is consummated, there is no assurance of future dividends, as such are dependent upon earnings, cash flow, the financial condition of the Company and other factors. On December 4, 1997 (the last full day of trading prior to the public announcement by the Company of the Purchaser's intention to make the Offer) and on January 9, 1998 (the last full day of trading prior to the commencement of the Offer) the reported closing prices on NASDAQ for the Shares were $6 1/8 and $6 11/16 per Share, respectively, according to published sources. Stockholders are urged to obtain a current market quotation for the Shares before deciding whether to tender any Shares.
PRICE RANGE OF THE SHARES; DIVIDENDS. The Shares are included for trading on the Nasdaq National Market under the symbol "GNCI". The following table sets forth, for each of the fiscal quarters of the Company indicated, the high and low bid quotations for the Shares on the Nasdaq National Market based upon published financial sources. BID QUOTATIONS ------------------------ FISCAL YEAR HIGH LOW ------------------------------------------------------------------------------- ----------- ----------- 1997 First quarter................................................................ $ 231/2 $ 173/8 Second quarter............................................................... 285/8 201/8 Third quarter................................................................ 301/2 251/4 Fourth quarter............................................................... 365/8 277/8 1998 First quarter................................................................ 411/4 333/8 Second quarter............................................................... 371/4 277/8 Third quarter................................................................ 321/2 9 Fourth quarter............................................................... 21 95/8 1999 First quarter................................................................ 169/16 11 Second quarter (through July 8, 1999)........................................ 245/8 165/16 On July 2, 1999, the last full trading day before the first public announcement of the execution of the Merger Agreement, the last reported bid price of the Shares on the Nasdaq National Market was $22 7/8 per Share. On July 8, 1999, the last full trading day before the commencement of the Offer, the last reported bid price of the Shares on the Nasdaq National Market was $24 9/16 per Share. STOCKHOLDERS ARE URGED TO OBTAIN CURRENT MARKET QUOTATIONS FOR THE SHARES. The Purchaser has been advised by the Company that the Company has never paid any cash dividends on the Shares. The Merger Agreement prohibits the Company from declaring or paying any dividends until the effectiveness of the Merger.
PRICE RANGE OF THE SHARES; DIVIDENDS. The Shares are traded on NASDAQ under the symbol "EXA." The following table sets forth, for the periods indicated, the high and low trading prices per Share on NASDAQ as reported by published financial sources: High Low Fiscal 2016 First Quarter $ 12.34 $ 9.53 Second Quarter 12.00 10.34 Third Quarter 11.48 9.02 Fourth Quarter 11.85 9.51 Fiscal 2017 First Quarter $ 13.90 $ 10.02 Second Quarter 15.36 11.12 Third Quarter 16.74 13.47 Fourth Quarter 16.60 13.01 Fiscal 2018 First Quarter $ 16.89 $ 12.34 Second Quarter 14.50 12.61 Third Quarter (through October 10, 2017) 24.27 13.18 Exa has never paid cash dividends on the Shares. Under the terms of the Merger Agreement, Exa is not permitted to declare, set aside, make or pay dividends with respect to the Shares without the consent of Parent except for certain exceptions permitted under the Merger Agreement.
PRICE RANGE OF THE SHARES; DIVIDENDS. The Shares are traded on the NASDAQ under the symbol "ACAT." The following table sets forth, for the periods indicated, the high and low trading prices per Share on the NASDAQ as reported by published financial sources: High Low Fiscal 0000 Xxxxxx Xxxxxxx $ 39.72 $ 26.00 Fiscal 2016 First Quarter $ 39.00 $ 30.75 Second Quarter 34.44 22.15 Third Quarter 25.60 15.44 Fourth Quarter 19.82 8.90 Fiscal 2017 First Quarter $ 18.39 $ 12.91 Second Quarter 18.97 13.54 Third Quarter 17.89 12.13 Fourth Quarter (through January 31, 2017) 19.60 12.78 According to its Annual Report on Form 10-K for the fiscal year ended March 31, 2016 (the "Arctic Cat 2016 10-K") filed with the SEC, the Arctic Cat Board considers Arctic Cat's cash position and projected cash needs in regards to Arctic Cat's dividend policy. The Arctic Cat 2016 10-K stated that, in January 2016, the Arctic Cat Board voted to suspend Arctic Cat's quarterly cash dividend in order to preserve cash for continued investment in Arctic Cat's growth initiatives. Furthermore, the Arctic Cat 2016 10-K stated that while the Arctic Cat Board has discretion to resume payment of cash dividends at any time, it does not anticipate declaring or paying cash dividends on Arctic Cat's common stock in the foreseeable future. Arctic Cat declared and paid aggregate cash dividends of $4.9 million and $6.5 million in fiscal 2016 and 2015 respectively. In 2016, Arctic Cat paid dividends of $1,635,000 in the first quarter, $1,640,000 in the second quarter and $1,642,000 in the third quarter. In 2015, Arctic Cat paid dividends of $1,617,000 in the first quarter, $1,624,000 in the second quarter, $1,624,000 in the third quarter and $1,635,000 in the fourth quarter. Under the terms of the Merger Agreement, Arctic Cat is not permitted to declare, set aside, make or pay dividends with respect to the Shares without the consent of Textron except for certain exceptions permitted under the Merger Agreement. In addition, under the Second Amended and Restated Loan and Security Agreement, dated as of November 29, 2016, among Arctic Cat, certain subsidiaries of Arctic Cat, Bank of America, N.A., as Agent, and certain lenders party thereto, (the "Existing Credit Agreement"), Arctic Cat is restricted from declaring or paying dividends if its borrowing under the Existing Credit Agreement exceeds certain thresholds. On January 24, 2017, the last full day of trading prior to the announcement of the execution of the Merger Agreement, the reported clos...
PRICE RANGE OF THE SHARES; DIVIDENDS. The Shares are traded on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “DSCP.” The following table sets forth, for the periods indicated, the reported high and low sale prices for the Shares on NASDAQ during each quarter presented. Datascope Corp. High Low Fiscal 2007 First Quarter $ 35.49 $ 29.41 Second Quarter $ 36.85 $ 32.65 Third Quarter $ 37.52 $ 33.88 Fourth Quarter $ 38.62 $ 35.25 Fiscal 2008 First Quarter $ 39.72 $ 30.32 Second Quarter $ 39.29 $ 34.17 Third Quarter $ 41.43 $ 32.42 Fourth Quarter $ 48.31 $ 37.46 Fiscal 2009 First Quarter (through September 29, 2008) $ 52.25 $ 46.00 Since its initial public offering in 1972, Datascope has occasionally declared or paid cash dividends on its capital stock. Under the terms of the Merger Agreement, without Getinge’s prior consent, Datascope is not permitted to declare or pay dividends with respect to the Shares, other than quarterly cash dividends as historically distributed by Datascope consistent with past practice and amounts. On September 15, 2008, the last full day of trading prior to the announcement of the execution of the Merger Agreement, the reported closing price on NASDAQ for the Shares was $49.23 per Share. On 9 Table of Contents September 29, 2008, the last full day of trading prior to the date of this Offer to Purchase, the reported closing price on NASDAQ for the Shares was $50.98 per Share. Datascope stockholders are urged to obtain current market quotations for the Shares.
PRICE RANGE OF THE SHARES; DIVIDENDS. The Shares are traded over the NASDAQ Global Market under the symbol “PRPX.” The following table sets forth, for the periods indicated, the reported high and low bid and asked price for the Shares on the Nasdaq during each quarter presented and any dividend paid during such period. Portec Rail Products, Inc. High Low Dividend Fiscal 2008 First Quarter $ 11.64 $ 8.21 $ .06 Second Quarter 12.90 10.50 $ .06 Third Quarter 12.44 8.25 $ .06 Fourth Quarter 9.09 4.08 $ .06 Fiscal 2009 First Quarter $ 7.75 $ 4.65 $ .06 Second Quarter 10.25 5.91 $ .06 Third Quarter 10.71 8.51 $ .06 Fourth Quarter 10.89 8.55 $ .06 On February 16, 2010, the last full day of trading prior to the announcement of the execution of the Merger Agreement, the reported closing price on Nasdaq for the Shares was $11.23 per Share. On February 25, 2010, the last full day of trading prior to the date of this Offer to Purchase, the reported closing price on Nasdaq for the Shares was $11.70 per Share. Portec shareholders are urged to obtain current market quotations for the Shares.
PRICE RANGE OF THE SHARES; DIVIDENDS. The Shares are listed and traded on the NASDAQ Global Market under the symbol “BOOT.” According to XxXxxxxx, as of July 13, 2012, the authorized capital stock of LaCrosse consisted of 50,000,000 Shares, of which 6,510,949 were issued and outstanding, and 1,013,364 Shares were subject to issuance upon exercise of outstanding stock options. The following table sets forth, for each of the periods indicated, the high and low reported sales price for the Shares on the NASDAQ Global Market: High Low Fiscal Year Ended December 31, 2010 First Quarter $ 17.42 $ 12.38 Second Quarter $ 21.00 $ 14.95 Third Quarter $ 19.32 $ 11.50 Fourth Quarter $ 17.25 $ 13.52 Fiscal Year Ended December 31, 2011 First Quarter $ 18.92 $ 15.09 Second Quarter $ 18.61 $ 13.65 Third Quarter $ 14.80 $ 11.55 Fourth Quarter $ 13.43 $ 12.00 Fiscal Year Ending December 31, 2012 First Quarter $ 13.39 $ 12.00 Second Quarter $ 13.27 $ 10.33 Third Quarter (through July 18, 2012) $ 20.02 $ 10.66 On July 5, 2012, the last full trading day before public announcement of the execution of the Merger Agreement, the closing price for the Shares reported on the NASDAQ Global Market was $10.98 per Share. The Offer Price represents a premium of 82% over the average closing market price for the Shares for the one-month period immediately preceding the public announcement of the terms of the Offer and the Merger and a premium of 82% over the closing market price of the Shares on the last full day of trading before the public announcement of the terms of the Offer and the Merger. On July 18, 2012, the last full trading day before the commencement of the Offer, the closing price for the Shares reported on the NASDAQ Global Market was $19.94 per Share. Shareholders are urged to obtain a current market quotation for the Shares. In the first quarter of 2010, LaCrosse paid a special dividend and a quarterly dividend totaling $7.2 million, or $1.125 per common share, with subsequent quarterly dividends totaling $2.4 million, in the amount of $0.125 per share, paid in each of the second, third and fourth quarters, respectively. In 2011, LaCrosse paid Table of Contents quarterly dividends of $0.8 million, or $0.125 per share, totaling $3.3 million. On March 18, 2012, LaCrosse paid a first quarter cash dividend of $0.125 per share of stock, totaling approximately $0.8 million. On June 18, 2012, LaCrosse paid a second quarter cash dividend of $0.125 per share of stock, totaling approximately $0.8 million. Other than as se...
PRICE RANGE OF THE SHARES; DIVIDENDS. According to the Company's Annual Report on Form 10-K for the fiscal year ended August 31, 1996 (the "Form 10-K"), the Shares are traded in the over-the-counter market and quoted on the NASDAQ National Market System (the "NMS") under the symbol "NRND." The following table sets forth, for the periods indicated, the reported high and low sale prices for the Shares on the NMS, as reported in the Form 10-K with respect to periods occurring in fiscal 1995 and 1996, and as reported thereafter by published financial sources, with respect to periods occurring in fiscal 1997. NORAND CORPORATION
PRICE RANGE OF THE SHARES; DIVIDENDS. What Are the Tax Consequences to Me of the Transaction? If you tender Shares in the Offer, you will generally recognize gain or loss measured by the difference between the cash you received and your tax basis in the Shares tendered. See "The Tender Offer--Section 5. Certain Federal Tax Consequences." Who Can I Talk to if I Have Questions About the Offer? You can call the information agent Xxxxxxxxx Xxxxxxxxxxx at 0-000-000-0000. See the back cover of this Offer to Purchase for more details. TO THE HOLDERS OF COMMON STOCK OF PJ AMERICA, INC: INTRODUCTION PJ Acquisition Corp., a Delaware corporation, hereby offers to purchase all outstanding shares (the "Shares") of common stock, par value $0.01 per Share, of PJ America, Inc., a Delaware corporation, at a price of $8.75 per Share in cash (the "Offer Price"), less any amounts required by law to be withheld and paid to governmental entities, upon the terms and subject to the conditions set forth in this Offer to Purchase and in the related Letter of Transmittal (which, together with any amendments or supplements thereto, constitute the "Offer"). In this document, PJ Acquisition Corp. is referred to as the Purchaser and PJ America, Inc. is called "PJAM." The Purchaser was formed by a group consisting of certain officers, directors and significant stockholders of PJAM and members of their families (the "Investor Group"). The Investor Group formed the Purchaser for the purpose of making this Offer. Members of the Investor Group currently own approximately 40% of PJAM.
PRICE RANGE OF THE SHARES; DIVIDENDS. The Shares are listed and traded on the NASDAQ National Market under the symbol "SWHI." The following table sets forth, for the periods indicated, the range of the high and low per Share sales prices as reported by NASDAQ. 2000 HIGH LOW ---- ---- --- 1st Quarter $6.12 $5.12 2nd Quarter $6.50 $4.87 3rd Quarter $6.43 $5.75 4th Quarter $6.87 $4.62 1999 HIGH LOW ---- ---- --- 1st Quarter $12.12 $7.00 2nd Quarter $9.75 $5.75 3rd Quarter $10.62 $6.87 4th Quarter $7.37 $5.87 1998 HIGH LOW ---- ---- --- 1st Quarter $8.37 $5.62 2nd Quarter $10.75 $7.00 3rd Quarter $8.75 $6.50 4th Quarter $8.25 $5.87
