recently announced that it would participate in a self-tender
offer (Tender Offer) by Nomura Research Institute, Ltd.
launched a self-tender
offer at USD 6.00 per share for up to 1.5m shares of its common stock that is contingent on the closing of the merger.
Global Banking News-June 18, 2019-Armstrong Flooring updates the preliminary results of modified 'Dutch Auction' self-tender
Armstrong Flooring announced the commencement of a modified "Dutch auction" self-tender
offer to repurchase up to $50M in cash of shares of its common stock, at a price per share within the range of $11.70-$10.20, less applicable withholding taxes and without interest.
Concurrently with the commencement of the tender offer by SoftBank Corp., Yahoo Japan will commence a self-tender
to offer to acquire up to 611,111,111 of its shares at a price of JPY 360 per share.
(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
Further, Lie (2002) finds both stores of cash and operating cash flows are positively related to the probability of undertaking a nondefensive self-tender
She also advises issuers in connection with the securities law aspects of employee benefit plans and dividend reinvestment plans, and represents issuers involved in self-tender
last week announced preliminary results of its modified "Dutch auction" self-tender
offer, which expired Sept.
"We believe the Dutch auction self-tender
and follow-on buyback properly creates the right balance between doing what is right for our business and delivering value to our shareholders," continues Coury.
Jarrell, "The relative power of Dutch-auction and fixed-priced self-tender
offers and open market share repurchases," Journal of Finance, vol.