Odd Lot Index

ACXIOM CORP RAMP

Terms unclear

Unclear — read the filing yourself
In a Dutch auction, tendering too high can cost you the priority. The company picks the lowest price that buys the shares it wants, and everyone at or below that price gets it. Tender above it and your shares come back unpurchased — and because you are not in the accepted pool at all, the odd-lot priority never applies. Most offers have a box meaning "accept whatever price is determined", which keeps you in the pool; the trade-off is that you give up any say in the price. The filing explains both.
StatusClosed
Closing date2006-09-12
How it is pricedDutch auction
Odd-lot threshold—
Must tender everything you holdYes
Must tick the odd-lot box on the formYes
Price offeredUSD $25.00 to $27.00 per share, in steps of $0.25
Most an odd-lot tender could be$2,475.00 to $2,673.00

Where each of these comes from

Every line above was read out of the filing. Here is the wording it was read from, so you can check it.

election_required = True...ll purchase all Shares tendered by all holders of “odd lots” (as defined below) who: (1) tender all Shares owned beneficially or of record at a price at or below the Purchase Price selected by us (partial tenders will not qualify for this preference); and (2) complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery. • second, subject to the conditional tender provisions described in Section 6, we will purchase all other Shares tendered at prices at or below the Purchase Price selected by us on a pro rata basis with appropriate adjustments to avoid purchases of fractional Shares, as described...
election_required = True...ll purchase all Shares tendered by all holders of “odd lots” (as defined below) who: (1) tender all Shares owned beneficially or of record at a price at or below the Purchase Price selected by us (partial tenders will not qualify for this preference); and (2) complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery. • second, subject to the conditional tender provisions described in Section 6, we will purchase all other Shares tendered at prices at or below the Purchase Price selected by us on a pro rata basis with appropriate adjustments to avoid purchases of fractional Shares, as described...
expiry = 2006-09-12...s of its Common Stock (Including the Associated Stock Purchase Rights) At a Purchase Price Not Greater Than $27.00 Nor Less Than $25.00 Per Share THE OFFER, THE PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON TUESDAY, SEPTEMBER 12, 2006, UNLESS THE OFFER IS EXTENDED. Acxiom Corporation, a Delaware corporation (“Acxiom,” the “Company,” “we” or “us”), invites our stockholders to tender up to 11,111,111 shares of our Common Stock, $0.10 par value per share (the “Shares”), fo...
expiry = 2006-09-12...s of its Common Stock (Including the Associated Stock Purchase Rights) At a Purchase Price Not Greater Than $27.00 Nor Less Than $25.00 Per Share THE OFFER, THE PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON TUESDAY, SEPTEMBER 12, 2006, UNLESS THE OFFER IS EXTENDED. Acxiom Corporation, a Delaware corporation (“Acxiom,” the “Company,” “we” or “us”), invites our stockholders to tender up to 11,111,111 shares of our Common Stock, $0.10 par value per share (the “Shares”), fo...
listed = True...ude such associated stock purchase rights. THE OFFER IS SUBJECT TO IMPORTANT CONDITIONS, INCLUDING THE CLOSING OF THE FACILITIES (AS DEFINED BELOW). SEE SECTION 7, “CONDITIONS OF THE OFFER” AND SECTION 9 “SOURCE AND AMOUNT OF FUNDS.” The Shares are listed and traded on the Nasdaq Stock Market (“Nasdaq”) under the trading symbol “ACXM.” On August 4, 2006, the last full trading day before the announcement and commencement of the Offer, the last reported sale price of the Shares on Nasdaq was $24.49 per share. You are urged to obtain current market quotations for the Shares. See Section 8, “Price Range of Shares; Dividends.” The Offer is...
listed = True...de such associated stock purchase rights. THE OFFER IS SUBJECT TO IMPORTANT CONDITIONS, INCLUDING THE CLOSING OF THE FACILITIES (AS DEFINED BELOW). SEE SECTION 7, “CONDITIONS OF THE OFFER” AND SECTION 9, “SOURCE AND AMOUNT OF FUNDS.” The Shares are listed and traded on the Nasdaq Stock Market (“Nasdaq”) under the trading symbol “ACXM.” On August 4, 2006, the last full trading day before the announcement and commencement of the Offer, the last reported sale price of the Shares on Nasdaq was $24.49 per share. You are urged to obtain current market quotations for the Shares. See Section 8, “Price Range of Shares; Dividends.” The Offer is...
mechanism = DUTCH...mplete discussion. Who is offering to purchase my Shares? Acxiom is offering to purchase up to 11,111,111 Shares of our outstanding Common Stock. What will the Purchase Price for the Shares be? We are conducting the Offer through a procedure commonly called a modified “Dutch Auction.” This procedure allows you to select the price (in increments of $0.25) within a price range specified by us at which you are willing to sell your Shares. The price range for this offer is $25.00 to $27.00 per Share. The Purchase Price will be the lowest price at which, based on the number of Shares tendered and the prices specified by...
mechanism = DUTCH...ining percentage.) % at $25.00 % at $26.25 % at $25.25 % at $26.50 % at $25.50 % at $26.75 % at $25.75 % at $27.00 % at $26.00 % at TBD** ** By entering a percentage on the % line at TBD, the undersigned is willing to accept the Purchase Price resulting from the Dutch Auction, for the percentage of shares elected. This could result in receiving a price per Share as low as $25.00 or as high as $27.00 per Share. I understand that this action could result in none of my Shares being purchased if the actual Purchase Price for the Shares is less than the price that I have checked. If the Purchase Price for the Shar...
mechanism = DUTCH...mplete discussion. Who is offering to purchase my Shares? Acxiom is offering to purchase up to 11,111,111 Shares of our outstanding Common Stock. What will the Purchase Price for the Shares be? We are conducting the Offer through a procedure commonly called a modified “Dutch Auction.” This procedure allows you to select the price (in increments of $0.25) within a price range specified by us at which you are willing to sell your Shares. The price range for this offer is $25.00 to $27.00 per Share. The Purchase Price will be the lowest price at which, based on the number of Shares tendered and the prices specified by...
must_tender_all = True...tock Purchase Plan of Acxiom Corporation” sent to them separately. See Section 4, “Withdrawal Rights.” In what order will you purchase the tendered Shares? We will purchase Shares: • first, from all holders of “odd lots” (persons who own less than 100 Shares) who properly tender all of their Shares at or below the Purchase Price selected by us and do not properly withdraw them before the expiration of the Offer; • second, subject to the conditional tender provisions described in Section 6, on a pro rata basis from all other stockholders who properly tender Shares at or below the Purchase Price selected by us and do not properly wit...
must_tender_all = True...tock Purchase Plan of Acxiom Corporation” sent to them separately. See Section 4, “Withdrawal Rights.” In what order will you purchase the tendered Shares? We will purchase Shares: • first, from all holders of “odd lots” (persons who own less than 100 Shares) who properly tender all of their Shares at or below the Purchase Price selected by us and do not properly withdraw them before the expiration of the Offer; • second, subject to the conditional tender provisions described in Section 6, on a pro rata basis from all other stockholders who properly tender Shares at or below the Purchase Price selected by us and do not properly wit...
price = USD 25.0-27.0...fied “Dutch Auction.” This procedure allows you to select the price (in increments of $0.25) within a price range specified by us at which you are willing to sell your Shares. The price range for this offer is $25.00 to $27.00 per Share. The Purchase Price will be the lowest price at which, based on the number of Shares tendered and the prices specified by the tendering stockholders, we can purchase 11,111,111 Shares, or such lesser number of...
price = USD 25.0-27.0...fied “Dutch Auction.” This procedure allows you to select the price (in increments of $0.25) within a price range specified by us at which you are willing to sell your Shares. The price range for this offer is $25.00 to $27.00 per Share. The Purchase Price will be the lowest price at which, based on the number of Shares tendered and the prices specified by the tendering stockholders, we can purchase 11,111,111 Shares, or such lesser number of...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 dex99a1i.htm OFFER TO PURCHASE DATED AUGUST 7, 2006 Offer to Purchase dated August 7, 2006 Table of Contents Exhibit (a)(1)(i) Offer to Purchase for Cash by ACXIOM CORPORATION of Up to 11,111,111 Shares of its Common Stock (Including the Associated Stock Purchase Rights) At a Purchase Price Not Greater Than $27.00 Nor Less Than $25.00 Per Share THE OFFER, THE PRORATIO...
txn_type = TENDER_OFFER...ation Retirement Savings Plan. TO THE TRUSTEE OF THE RETIREMENT SAVINGS PLAN: I am a participant in the above-referenced Retirement Savings Plan who has invested all or a portion of my Account in shares of Acxiom Common Stock and I have received a copy of the Offer to Purchase dated August 7, 2006 (the “Offer to Purchase”) and related Letter of Transmittal, as amended or supplemented, relating to the Offer by Acxiom Corporation, a Delaware corporation (“Acxiom” or the “Company”), to purchase up to 11,111,111 outstanding shares of Common Stock, $0.10 par value per share (such shares, together with all other out...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 dex99a1i.htm AMENDED OFFER TO PURCHASE AMENDED OFFER TO PURCHASE Table of Contents Exhibit (a)(1)(i)(B) Offer to Purchase for Cash by ACXIOM CORPORATION of Up to 11,111,111 Shares of its Common Stock (Including the Associated Stock Purchase Rights) At a Purchase Price Not Greater Than $27.00 Nor Less Than $25.00 Per Share THE OFFER, THE PRORATION PERIOD AND WITHDRAWAL RIGHTS...

The filings

FiledFormRoleOn EDGAR
2006-08-07SC TO-Ioriginal (governing)View
2006-08-09SC TO-I/AamendmentView
2006-08-22SC TO-I/AamendmentView