NASDAQ: IPDN), a developer and operator of online networks, has closed its transaction with Cosmic Forward Limited and announced the results of its self-tender offer
successfully completed its second attempt at a self-tender offer
to purchase shares of its common stock at a price of $9.
A self-tender offer
is undertaken by a target to buy its own stock in the face of a hostile takeover.
These steps included a counter-tender offer for Z's shares, a self-tender offer
for X's own shares, and a judicial challenge of Z's credit agreement and Z's obligations under a consent agreement with X.
Intrawest Resorts Holdings Inc (NYSE:SNOW) disclosed on Thursday the final results of its modified 'Dutch auction' self-tender offer
, which expired at 17:00 New York City time on 10 February 2016.
In the instant case, the following transactions gave rise to expenses for professional fees: (1) professional fees for services rendered in connection with filing administrative and judicial actions by X to enjoin Z's takeover attempt; (2) professional fees for services performed in connection with rendering the fairness opinion; and (3) professional fees for services rendered in connection with X's self-tender offer
and the counter tender offer of Z stock, which include steps taken towards obtaining X's loan commitment and valuation estimates of X and Z assets.
Winmark Corporation (Nasdaq: WINA), which creates, supports and finances businesses, on Thursday reported the results of its self-tender offer
to purchase up to 875,000 shares of its common stock for a price of USD84.
M2 EQUITYBITES-April 16, 2015-Winmark announces self-tender offer
to purchase up to 875,000 shares at USD84.