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Latest Mini-tender offer Stories

2014-05-22 16:22:01

SEC Advises Investors to "Exercise Extreme Caution" with Mini-Tender Offers AKRON, Ohio, May 22, 2014 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) received notification on May 21 of an unsolicited "mini-tender offer" by TRC Capital Corporation to purchase up to 3,000,000 shares of FirstEnergy common stock, or approximately 0.71 percent of the outstanding shares, at $30.15 per share. TRC Capital's offer is below the current market price for FirstEnergy common stock. FirstEnergy does...

2014-05-15 00:22:22

MEXICO CITY, May 15, 2014 /PRNewswire/ -- EMPRESAS ICA, S.A.B. DE C.V. (BMV and NYSE: ICA) (the "Company") announced today that it has commenced an offer to purchase (the "Tender Offer") up to U.S.$150 million aggregate principal amount (the "Maximum Tender Amount") of its outstanding 8.375% Senior Notes due 2017 (CUSIP Nos. 29246D AB0 / P37149 AQ7; ISIN Nos. US29246DAB01 / USP37149AQ72) (the "Notes") upon the terms and subject to the conditions set forth in the Offer Documents (as defined...

2014-05-12 12:20:47

SHAWNEE MISSION, Kan., May 12, 2014 /PRNewswire/ -- Seaboard Corporation (NYSE MKT symbol: SEB) announced today that it is commencing a tender offer to repurchase shares of its common stock for an aggregate purchase price of up to $100 million. This represents an increase of $20 million over its current Stock Repurchase Plan. Pursuant to the tender offer, Company stockholders may tender all or a portion of their shares (i) at a price specified by the tendering stockholder of not...

2014-03-10 08:32:59

BIRMINGHAM, Ala., March 10, 2014 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC) (the "Company") announced today the final results of its previously announced tender offer (as amended by the early results press release dated February 10, 2014 (the "Early Results Press Release") and the press release dated March 3, 2014 (the "March 3 Press Release"), the "Tender Offer") for its 6.50% senior notes due 2016 ("2016 Notes"), 6.40% senior notes due 2017 ("2017 Notes") and 7.00% senior...

2014-03-07 20:23:11

SAIC Not Associated in any way with TRC or this Mini-Tender Offer MCLEAN, Va., March 7, 2014 /PRNewswire/ -- Science Applications International Corporation (NYSE: SAIC) has been notified of an unsolicited "mini-tender offer" made by TRC Capital Corporation (TRC) to SAIC stockholders to purchase up to 700,000 shares of SAIC common stock at a price of $35.35 per share. TRC's offer price represents a discount of $1.78 per share, or 4.79 percent, below SAIC's closing price of $37.13 on...

2014-01-31 16:22:09

JUNO BEACH, Fla., Jan. 31, 2014 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today said it has received notification of an unsolicited "mini-tender offer" by TRC Capital Corporation to acquire up to two million shares of NextEra Energy common stock, representing less than one half of one percent of NextEra Energy's outstanding shares. TRC's offer price of $85.00 per share in cash represents, as TRC Capital's own offer document acknowledges, approximately a 4.25 percent discount...

2014-01-23 16:30:09

CHARLOTTE, N.C., Jan. 23, 2014 /PRNewswire/ -- SPX Corporation (NYSE: SPW) (the "Company") today announced that, in connection with its previously announced offer (the "Tender Offer") to purchase for cash any and all of its 7 5/8% Notes due 2014 (the "Notes") and related consent solicitation (the "Consent Solicitation"), it has received the requisite consents to amend the indenture governing the Notes. The terms and conditions of the Tender Offer and the Consent Solicitation, which...


Word of the Day
siliqua
  • A Roman unit of weight, 1⁄1728 of a pound.
  • A weight of four grains used in weighing gold and precious stones; a carat.
  • In anatomy, a formation suggesting a husk or pod.
  • The lowest unit in the Roman coinage, the twenty-fourth part of a solidus.
  • A coin of base silver of the Gothic and Lombard kings of Italy.
'Siliqua' comes from a Latin word meaning 'a pod.'
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