Altice USA, Inc. ATUS
Terms unclear
Unclear — read the filing yourself
No closing date could be read from these filings. Nothing has been filed for this offer in over six months, so it is treated as closed — a tender offer cannot run that long. Check the filings below if you think otherwise.
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.
| Status | Closed (assumed) |
|---|---|
| Closing date | could not be read; last filing 2020-12-28 |
| How it is priced | Dutch auction |
| Odd-lot threshold | — |
| Must tender everything you hold | Not stated |
| Must tick the odd-lot box on the form | Not stated |
| Price offered | USD $36.00 per share |
| Most an odd-lot tender could be | $3,564.00 |
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.
mechanism = DUTCH...ss A common stock” or “shares”), having an aggregate purchase price of up to $2.5 billion at a price not greater than $36.00 per share nor less than $32.25 per share, to the seller in cash, less any applicable withholding taxes and without interest, through a modified “Dutch auction” tender offer upon the terms and subject to the conditions set forth in the Offer to Purchase dated November 23, 2020 and the related Letter of Transmittal (which, together with any supplements or amendments thereto, collectively constitute the “Offer”). The Offer is subject to a number of terms and conditions that are described in Offer...
mechanism = DUTCH...(K) 2 tm2038940d2_ex99-a1k.htm EXHIBIT 99.(A)(1)(K) Exhibit (a)(1)(K) ALTICE USA ANNOUNCES FINAL RESULTS OF ITS TENDER OFFER NEW YORK (December 28, 2020) -- Altice USA, Inc. (NYSE: ATUS) (“Altice USA” or the “Company”) announces today the final results of its modified “Dutch auction” tender offer to repurchase up to $2.5 billion of its Class A common stock which expired at one (1) minute after 11:59 p.m., New York City time, on Monday, December 21, 2020. Based on the final count by American Stock Transfer & Trust Company, LLC (“AST”), the Depositary for the tender offer, 64,613,479 shares of Class A common stock wer...
price = USD 36.0...Trust Company, LLC (“AST”), the Depositary for the tender offer, 64,613,479 shares of Class A common stock were properly tendered and not properly withdrawn at or below the final purchase price of $36.00 per share, including shares that were tendered through notices of guaranteed delivery. In accordance with the terms and conditions of the tender offer, the Company has accepted for payment 64,613,479 shares of Class A common stoc...
txn_type = TENDER_OFFEREX-99.(A)(1)(F) 7 tm2036545d7_ex99-a1f.htm EXHIBIT 99.(A)(1)(F) Exhibit 99.(a)(1)(F) ALTICE USA, INC. NOTICE TO CERTAIN HOLDERS OF STOCK OPTIONS RE: OFFER TO PURCHASE CLASS A COMMON STOCK OF ALTICE USA, INC. November 23, 2020 As you may already know, Altice USA, Inc. (“Altice USA”) has recently announced a tender offer to purchase for cash its Class A common stock, $0.01 par value per share (the “Class A common stock” or “shares”), having an aggregate purchase price of up to $2.5 billion at a price no...
txn_type = TENDER_OFFEREX-99.(A)(1)(K) 2 tm2038940d2_ex99-a1k.htm EXHIBIT 99.(A)(1)(K) Exhibit (a)(1)(K) ALTICE USA ANNOUNCES FINAL RESULTS OF ITS TENDER OFFER NEW YORK (December 28, 2020) -- Altice USA, Inc. (NYSE: ATUS) (“Altice USA” or the “Company”) announces today the final results of its modified “Dutch auction” tender offer to repurchase up to $2.5 billion of its Class A common stock which expired at one (1) minute after 11:59 p.m., New York City time, on Monday, December 21, 2020. Based...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2020-11-23 | SC TO-I | original (governing) | View |
| 2020-12-28 | SC TO-I/A | amendment | View |