Odd Lot Index

Bally's Corp BALY

Odd lots go first

Read automatically from the filing
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 date2022-07-22
How it is pricedDutch auction
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formYes
Price offeredUSD $19.25 to $22.00 per share, in steps of $0.25
Most an odd-lot tender could be$1,905.75 to $2,178.00

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...e owner of fewer than 100 Shares in the aggregate, whether such Shares are owned beneficially or of record, if you validly tender all of these Shares at or below the Purchase Price prior to the Expiration Time (and do not validly withdraw such Shares) and you complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery, and all conditions to the Offer are satisfied or waived, we will purchase all of your Shares without subjecting them to proration. This preference is not available to partial tenders or to holders of 100 or more Shares in the aggregate, whether such Shares are owned beneficially o...
expiry = 2022-07-22...egate Purchase Price of Not More Than $190 Million at a Per Share Purchase Price Not Less Than $19.25 Per Share Nor Greater Than $22.00 Per Share ​ ​ THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, AT THE END OF THE DAY ON JULY 22, 2022, UNLESS THE OFFER IS EXTENDED OR TERMINATED (SUCH TIME, AS IT MAY BE EXTENDED, THE “EXPIRATION TIME”). ​ ​ Bally’s Corporation, a Delaware corporation (the “Company,” “Bally’s,” “we,” “our” or “us”), is offering to purchase for cash shares...
listed = True...if necessary, borrowings under our revolving credit facility. The Offer is not conditioned upon any minimum number of Shares being tendered. The Offer is, however, subject to a number of other terms and conditions. See Section 7. TABLE OF CONTENTS Our Shares are listed on the New York Stock Exchange (the “NYSE”) and trade under the symbol “BALY.” On June 23, 2022, the reported closing price of Shares on the NYSE was $18.87 per Share. You are urged to obtain current market quotations for our Shares before deciding whether, and at what price or prices, to tender your Shares pursuant to the Offer. See Section 8. Our Board of Directors...
mechanism = DUTCH...s? The issuer of the Shares, Bally’s Corporation, is offering to purchase Shares pursuant to the Offer. What will be the Purchase Price for the Shares and what will be the form of payment? We are conducting the Offer by means of a procedure commonly called a “modified Dutch auction.” On the terms and subject to the conditions of the Offer, we are offering to purchase for cash Shares at prices not less than $19.25 nor greater than $22.00 per Share. We are offering to purchase Shares having an aggregate purchase price of no more than $190 million. Promptly after 12:00 midnight, New York City time, at the end of the d...
must_tender_all = True...sured at the maximum price at which such Shares were validly tendered, have been validly tendered and not validly withdrawn prior to the Expiration Time, we will purchase Shares: • first, from all holders of “odd lots” ​(persons who own fewer than 100 Shares) who validly tender all of their Shares at or below the Purchase Price and do not validly withdraw them prior to the Expiration Time, except that tenders of less than all of the Shares owned by an “odd lot” holder will not qualify for this preference; ​ • second, subject to the conditional tender provisions described in Section 6, on a pro rata basis from all other Shareholder...
price = USD 19.25-22.0...$190 million. After the Expiration Time, we will, on the terms and subject to the conditions of the Offer, determine a single price per Share (the “Purchase Price”), which will be not less than $19.25 and not more than $22.00 per Share, that we will pay for Shares validly tendered in the Offer and not validly withdrawn. The Purchase Price will be the lowest price per Share of not less than $19.25 and not more than $22.00 per Share that will...
priority = True...ed and Shares having an aggregate purchase price in excess of $190 million, measured at the maximum price at which such Shares were validly tendered, have been validly tendered and not validly withdrawn prior to the Expiration Time, we will purchase Shares: • first, from all holders of “odd lots” ​(persons who own fewer than 100 Shares) who validly tender all of their Shares at or below the Purchase Price and do not validly withdraw them prior to the Expiration Time, except that tenders of less than all of the Shares owned by an “odd lot” holder will not qualify for this preference; ​ • second, subject to the conditional tender provisions described in Section 6,...
threshold = 100...egate purchase price in excess of $190 million, measured at the maximum price at which such Shares were validly tendered, have been validly tendered and not validly withdrawn prior to the Expiration Time, we will purchase Shares: • first, from all holders of “odd lots” ​(persons who own fewer than 100 Shares) who validly tender all of their Shares at or below the Purchase Price and do not validly withdraw them prior to the Expiration Time, except that tenders of less than all of the Shares owned by an “odd lot” holder will not qualify for this preference; ​ • second, subject to the conditional tender provisions described in Section 6, on a p...
txn_type = TENDER_OFFEREX-99.(A)(1)(A) 2 tm2217344d1_exha1a.htm EX-99.(A)(1)(A) tm2217344-1_sctoi_DIV_03-exha1a - none - 7.2812778s TABLE OF CONTENTS Exhibit (a)(1)(A)​ BALLY’S CORPORATION Offer to Purchase for Cash Shares of its Common Stock for an Aggregate Purchase Price of Not More Than $190 Million at a Per Share Purchase Price Not Less Than $19.25 Per Share Nor Greater Than $22.00 Per Share ​ ​ THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, AT THE END OF THE DAY ON JULY 22, 2022, U...

The filings

FiledFormRoleOn EDGAR
2022-06-24SC TO-Ioriginal (governing)View