BELK INC

election_required = True...Transmittal (or copy thereof) with any required signature guarantees and any other documents required by the Letter of Transmittal, must be received on or before the Expiration Date by the Company. In addition, Odd Lot Owners who tender all their shares must complete the section entitled "Odd Lots" in the Letter of Transmittal and, if applicable, the Notice of Guaranteed Delivery, in order to qualify for the preferential treatment available to Odd Lot Owners as set forth in "Section 1. Number of Shares; Proration." Signature Guarantees and Method of Delivery. No signature guarantee is required on the Letter of Transmittal (i) if the Letter of Transmittal is si...

expiry = 2003-05-21...all other required documents cannot be delivered to the Company by the Expiration Date. WE URGE YOU TO CONTACT YOUR CLIENTS AS PROMPTLY AS POSSIBLE. THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M. E.D.T. ON WEDNESDAY, MAY 21, 2003, UNLESS THE OFFER IS EXTENDED. No fees or commissions will be payable to brokers, dealers or any other persons for soliciting tenders of Shares pursuant to the Offer. However, the Company will, upon request, reimburse you for customary mai...

expiry = 2003-05-21...) 357-1000 OFFER TO PURCHASE FOR CASH UP TO 3,000,000 SHARES OF CLASS A AND CLASS B COMMON STOCK OF BELK, INC. AT A PURCHASE PRICE OF $9.50 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M., E.D.T., ON MAY 21, 2003, UNLESS THE OFFER IS EXTENDED. This Offer to Purchase relates to the issuer's tender offer of Belk, Inc., a Delaware corporation, to purchase up to 3,000,000 shares of its Class A and Class B common stock, $0.01 par value per share. Belk,...

mechanism = FIXEDEX-99.(A)(5) 7 g82098exv99wxayx5y.htm FORM OF LETTER TO BROKERS, DEALERS, COMMERCIAL exv99wxayx5y Exhibit (a)(5) BELK, INC. Offer to Purchase for Cash by BELK, INC. Up to 3,000,000 Shares of its Class A and Class B Common Stock at a Purchase Price of $9.50 Per Share April 23, 2003 To Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees: Belk, Inc., a Delaware corporation (the “Company”), has made an offer to purchase for cash up to 3,000,000 shares of its Class A and Class B common stock, par value $.01 per share (collectively the “Shares”) at a purchase price of $9.50 per share (t...

mechanism = FIXED...t EX-99.(A)(1)(A) FORM OF OFFER TO PURCHASE AMENDED EXHIBIT (A)(1)(A) BELK, INC. 2801 WEST TYVOLA ROAD CHARLOTTE, NORTH CAROLINA 28217-4500 (704) 357-1000 OFFER TO PURCHASE FOR CASH UP TO 3,000,000 SHARES OF CLASS A AND CLASS B COMMON STOCK OF BELK, INC. AT A PURCHASE PRICE OF $9.50 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M., E.D.T., ON MAY 21, 2003, UNLESS THE OFFER IS EXTENDED. This Offer to Purchase relates to the issuer's tender offer of Belk, Inc., a Delaware corporation, to purchase up to 3,000,000 shares of its Class A and Class B common stock, $0.01 par value per share. Belk, Inc....

must_tender_all = True...purchase) are validly tendered, the Company will, upon the terms and subject to the conditions of the Offer, accept Shares for purchase first from Odd Lot Owners (as defined in “Section 2. Tenders by Owners of Fewer than 100 Shares” of the Offer to Purchase) who validly tender all of their Shares and then on a pro rata basis, according to the number of shares tendered by each stockholder, from all other stockholders whose Shares are validly tendered. The Offer is not conditioned on any minimum number of Shares being tendered. However, the Offer is subject to certain other conditions set forth in “Section 6. Certain Conditions of...

must_tender_all = True...RES BE PURCHASED? WILL TENDERED SHARES BE PRORATED? If more shares are tendered than we have offered to purchase, we will purchase shares in the following order of priority: First, we will purchase shares from all holders of "odd lots" of less than 100 shares who properly tender all of their shares. Second, after purchasing all odd lots, we will purchase shares on a pro rata basis from all other stockholders who properly tender shares until we have acquired the number of shares that we have offered to purchase. Consequently, all of the shares that you tender in the Offer may not be purchased. See "Section 1. Number of Shares; Prora...

price = USD 9.5...TO BROKERS, DEALERS, COMMERCIAL exv99wxayx5y Exhibit (a)(5) BELK, INC. Offer to Purchase for Cash by BELK, INC. Up to 3,000,000 Shares of its Class A and Class B Common Stock at a Purchase Price of $9.50 Per Share April 23, 2003 To Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees: Belk, Inc., a Delaware corporation (the “Company”), has made an offer to purchase for cash up to 3,000,000 shares of its Class A...

price = USD 7.0-10.25...market for the shares (excluding limited or sporadic trading). During the Company's fiscal year ended February 1, 2003 ("fiscal year 2003"), trades of shares took place at prices between $7.00 and $10.25 per share. The most recent trade, excluding intra-family sales, occurred on March 4, 2003 at a price of $8.00 per share. The Company customarily declares cash dividends in the first quarter of each fiscal year on its outstanding...

priority = True...the Offer, in the event that prior to the Expiration Date more than 3,000,000 shares (or such greater number of shares as the Company elects to purchase) are validly tendered at the Purchase Price, the Company will accept shares for purchase in the following order of priority; (a) first, all shares validly tendered prior to the Expiration Date by any Odd Lot Owner (as defined in "Section 2. Tenders by Owners of Fewer than 100 Shares") who: (1) tenders all shares beneficially owned by such Odd Lot Owner (partial tenders will not qualify for this preference); and (2) completes the box captioned "Odd Lots" on the Letter of Transmittal and, if applicable, on the Notice of Guaranteed Delivery; and (b) then, after purchase of all of the foregoing shares, all other...

threshold = 100...r such greater number of Shares as the Company may elect to purchase) are validly tendered, the Company will, upon the terms and subject to the conditions of the Offer, accept Shares for purchase first from Odd Lot Owners (as defined in “Section 2. Tenders by Owners of Fewer than 100 Shares” of the Offer to Purchase) who validly tender all of their Shares and then on a pro rata basis, according to the number of shares tendered by each stockholder, from all other stockholders whose Shares are validly tendered. The Offer is not conditioned on any minimum number of Shares being tendered. However, the Offer is subject to certai...

threshold = 100...without proration, all shares validly tendered on or prior to the Expiration Date by or on behalf of stockholders who beneficially held, as of the close of business on April 23, 2003, and continue to own beneficially as of the Expiration Date, an aggregate of fewer than 100 shares ("Odd Lot Owners"). However, to avoid proration, an Odd Lot Owner must validly tender all shares that such Odd Lot Owner beneficially owns. Partial tenders will not qualify for this preference. This preference is not available to holders of 100 or more shares, even if such holders have separate stock certificates for fewer than 100 shares. Any Odd...

txn_type = TENDER_OFFEREX-99.(A)(5) 7 g82098exv99wxayx5y.htm FORM OF LETTER TO BROKERS, DEALERS, COMMERCIAL exv99wxayx5y Exhibit (a)(5) BELK, INC. Offer to Purchase for Cash by BELK, INC. Up to 3,000,000 Shares of its Class A and Class B Common Stock at a Purchase Price of $9.50 Per Share April 23, 2003 To Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees: Belk, Inc., a Delaware corporation (the “Company”), has made an offer to purchase for cash up to 3,000,000 shares of its Cla...

txn_type = TENDER_OFFEREX-99.(A)(1)(A) 3 g82586exv99wxayx1yxay.txt EX-99.(A)(1)(A) FORM OF OFFER TO PURCHASE AMENDED EXHIBIT (A)(1)(A) BELK, INC. 2801 WEST TYVOLA ROAD CHARLOTTE, NORTH CAROLINA 28217-4500 (704) 357-1000 OFFER TO PURCHASE FOR CASH UP TO 3,000,000 SHARES OF CLASS A AND CLASS B COMMON STOCK OF BELK, INC. AT A PURCHASE PRICE OF $9.50 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M., E.D.T., ON MAY 21,...

untradeable = True...s current financial condition. DOES THE PURCHASE PRICE ACCURATELY REFLECT THE INTRINSIC VALUE OF MY SHARES? Not necessarily. Belk does not represent that the Purchase Price accurately reflects the intrinsic value of the shares. As you know, there is currently no established trading market for the shares, excluding limited or sporadic trading. As a result, determining the fair market value of the shares can be rather difficult. The Purchase Price falls near the median of the trading range of $7.00 to $10.25 per share during fiscal 2003 as determined by market makers in the Company's stock. The most recent trade, excluding intra-family sa...