Dutch Auction Tender Offer means that certain tender offer by the Company for the repurchase from its stockholders of up to 1,750,000 shares of its Common Stock at a price per share of not less than $5.00 and not greater than $5.40, which is to be publicly announced and to be commenced on June 2, 2010 (theCommencement Date").
Examples of Dutch Auction Tender Offer in a sentence
On March 27, 2015, the Company announced a modified "Dutch Auction" Tender Offer to purchase up to $20 million of its common shares (the "Tender Offer").
The premiums paid were drawn from the 16 publicly-traded small-and mid-sized US based firms (market capitalization ranging between $1 million and $2 billion) that have tendered for and repurchased less than 20.0% of their shares outstanding since October 2009, in each case in a Dutch Auction Tender Offer.
A $2.3 billion share repurchase through a modified Dutch Auction Tender Offer and a separate Stock Purchase Agreement with Chairman and CEO Charles R.
Announces Modified Dutch Auction Tender Offer for $200.0 Million Validus Common Shares Pembroke, Bermuda - May 2, 2012 - Validus Holdings, Ltd.
Intent to Initiate a Modified "Dutch Auction" Tender Offer Commenting on the Company's decision to initiate the offer, Ryan said, "Our healthy balance sheet and continued strong cash flow give us the flexibility to both pursue our strategic goals and provide immediate value to our shareholders.