Avi Katz, Chairman and Chief Executive Officer of GigOptix said, We were disappointed that, despite the fact that our offer was in an amount equal in value per share to the price paid by GSI Technology in its recently completed Dutch auction
tender offer, was at a substantial premium to GSI Technology s share price, offered, as we believe, a meaningful path to resolve the expensive litigations of GSI Technology, and represented, in our opinion, a compelling opportunity for its stockholders altogether a number of whom tendered shares in the Dutch auction
tender offer that were not repurchased - our offer was dismissed without giving us the opportunity to discuss its merits directly with their Board of Directors .
The Offer for the Dutch Auction
Notes is scheduled to expire at 11:59 p.
This marks the first time the firm will be using the Dutch auction
method for sales properties.
In addition, approximately USD359m aggregate current principal amount outstanding of securities subject to the companya[euro](tm)s Dutch Auction
offer had been validly tendered and not withdrawn as of the early tender deadline.
NYSE: MOT) announced today that an aggregate principal amount of $399,797,000 of its debt securities were validly tendered and not validly withdrawn prior to 12:00 Midnight EDT on June 21, 2010, the Dutch Auction
Offer expiration date, pursuant to its previously announced modified "Dutch Auction
" cash tender offer to purchase, under certain conditions, its outstanding 6.
Fannie Mae (NYSE: FNM), the largest US home funding company, is planning to sell USD5bn benchmark bills on Wednesday in a Dutch auction
, reports Reuters.
A Dutch auction
is being held for people to clear the decks of tat or treasure and have a laugh while they do it.
Other items affecting earnings per share include Acxiom's expected completion of the Dutch Auction
Self Tender (a stock buy-back program), interest on an $800 million credit facility and a higher effective tax rate.
The Funded Alternative: Funding for the transaction is generated through the placement of the notes on either a full-term basis or on a short-term basis through a Dutch auction
or tender option process.
initial public offerings are all the talk of Wall Street, thanks to Google Inc.
com to explain to customers the low-down on the Dutch Auction
THE Chief Constable of North Wales, Richard Brunstrom, has been accused of entering into a Dutch auction
by calling on the public to pay an extra 15p a week per household.