BROOKFIELD HOMES CORP
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.
| Status | Closed |
|---|---|
| Closing date | 2003-09-30 |
| How it is priced | Dutch auction |
| Odd-lot threshold | Fewer than 100 shares |
| Must tender everything you hold | Yes |
| Must tick the odd-lot box on the form | Not stated |
| Price offered | USD $15.50 per share |
| Cleared at | $18.50 |
| Most an odd-lot tender could be | $1,831.50 |
How it finished
| Expired | 2003-09-30 |
|---|
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.
expiry = 2003-09-24...ION OFFER TO PURCHASE FOR CASH UP TO 5,000,000 SHARES OF ITS COMMON STOCK AT A PURCHASE PRICE NOT GREATER THAN $18.50 NOR LESS THAN $15.50 PER SHARE THE OFFER, PRORATION PERIOD, AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON SEPTEMBER 24, 2003, UNLESS THE OFFER IS EXTENDED. Brookfield Homes Corporation, a Delaware corporation, is offering to purchase for cash 5,000,000 shares of its common stock from its stockholders. The tender offer will be conducted upon the terms and subject...
expiry = 2003-09-24...ION OFFER TO PURCHASE FOR CASH UP TO 5,000,000 SHARES OF ITS COMMON STOCK AT A PURCHASE PRICE NOT GREATER THAN $18.50 NOR LESS THAN $15.50 PER SHARE THE OFFER, PRORATION PERIOD, AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON SEPTEMBER 24, 2003, UNLESS THE OFFER IS EXTENDED. Brookfield Homes Corporation, a Delaware corporation, is offering to purchase for cash 5,000,000 shares of its common stock from its stockholders. The tender offer will be conducted upon the terms and subject...
expiry = 2003-09-30...ffer to purchase, as amended and supplemented. Item 4. Terms of the Transaction. Item 4 of the Schedule TO is hereby amended and supplemented by adding the following language: The tender offer period has been extended from 5:00 p.m., New York City time, on September 24, 2003, until 5:00 p.m., New York City time, on September 30, 2003. Accordingly, the tender offer will expire at 5:00 p.m., New York City time, on September 30, 2003, unless the Company extends the offer further. 1 Item 12. Exhibits. (a)(1)(i) Offer to Purchase dated August 18, 2003.* (a)(1)(ii) Letter of...
expiry = 2003-09-30.... Brascan has previously indicated that it plans to tender an equivalent number of shares as tendered by other stockholders, and at the purchase price determined by the tender offer. The tender offer expires at 5:00 p.m., New York City time, on September 30, 2003, unless extended. Brookfield Homes' Board of Directors has approved the tender offer. However, neither Brookfield Homes nor its Board of Directors is making any recommendation whether stockholders should tender or refrain from tendering th...
listed = True...ted at any time and from time to time. Any determination or judgment by Brookfield Homes concerning the events described above will be final and binding on all parties. 7. PRICE RANGE OF SHARES; DIVIDENDS Price Ranges Of Shares. Brookfield Homes’ common stock is listed on the New York Stock Exchange and began trading on January 7, 2003 upon the consummation of the spin-off of the common stock by Brookfield Properties Corporation. The high and low sales price per share as reported on the New York Stock Exchange during each of the periods indicated below is as follows: Fiscal Year Ending December 31, 2003: High Low 1st Quarter $ 13.32...
listed = True...ted at any time and from time to time. Any determination or judgment by Brookfield Homes concerning the events described above will be final and binding on all parties. 7. PRICE RANGE OF SHARES; DIVIDENDS Price Ranges Of Shares. Brookfield Homes' common stock is listed on the New York Stock Exchange and began trading on January 7, 2003 upon the consummation of the spin-off of the common stock by Brookfield Properties Corporation. The high and low sales price per share as reported on the New York Stock Exchange during each of the periods indicated below is as follows: Fiscal Year Ending December 31, 2003: High Low ---- --- 1st Quarte...
mechanism = DUTCH...WHO IS OFFERING TO PURCHASE MY SHARES? Brookfield Homes Corporation is offering to purchase your shares of Brookfield Homes common stock. WHAT WILL THE PURCHASE PRICE FOR THE SHARES BE? We are conducting the tender offer through a procedure commonly called a modified “Dutch auction”. We will determine the purchase price that we will pay per share as promptly as practicable after the tender offer expires. 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 5,000,000 shares, or such lesser number of shares...
mechanism = DUTCH...ES? ......... Brookfield Homes Corporation is offering to purchase your shares of Brookfield Homes common stock. WHAT WILL THE PURCHASE PRICE FOR THE SHARES BE? ......................... We are conducting the tender offer through a procedure commonly called a modified "Dutch auction". We will determine the purchase price that we will pay per share promptly after the tender offer expires. 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 5,000,000 shares, or such lesser number of shares as are properly t...
mechanism = DUTCH...r 25, 2003. EXHIBIT (A)(5)(H) [LOGO] BROOKFIELD NEWS RELEASE HOMES BROOKFIELD HOMES CORPORATION REPORTS ON TENDER OFFER RESULTS TO DATE Del Mar, California, September 30, 2003 - (BHS:NYSE) Brookfield Homes Corporation, in accordance with its previously announced Dutch auction tender offer for up to 5,000,000 shares of its outstanding common stock, today announced that 495,214 shares have been tendered by stockholders other than Brascan Corporation, the major stockholder of Brookfield Homes. Brascan has previously indicated that it plans to tender an equivalent number of shares as tendered by other stockholder...
mechanism = FIXED...m 4 of the Schedule TO is hereby amended and supplemented by adding the following language: The tender offer expired at 5:00 p.m., New York City time, on September 30, 2003. The Company accepted for payment a total of 1,092,733 shares of its common stock at a purchase price of $18.50 per share. 1 Item 12. Exhibits. (a)(1)(i) Offer to Purchase dated August 18, 2003.* (a)(1)(ii) Letter of Transmittal.* (a)(1)(iii) Notice of Guaranteed Delivery.* (a)(1)(iv) Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9.* (a)(1)(v) Form W-8BEN and Instructions for Form W-8BEN.* (a)(1)(vi) Amended and Supplem...
must_tender_all = True...e tendered (unless properly withdrawn previously in accordance with Section 4) at more than one price. To tender shares properly, one and only one price box must be checked in the appropriate section on each letter of transmittal. IN ADDITION, ODD LOT HOLDERS WHO TENDER ALL OF THEIR SHARES MUST COMPLETE THE SECTION CAPTIONED “ODD LOTS” IN THE LETTER OF TRANSMITTAL AND, IF APPLICABLE, IN THE NOTICE OF GUARANTEED DELIVERY, TO QUALIFY FOR THE PREFERENTIAL TREATMENT AVAILABLE TO ODD LOT HOLDERS AS SET FORTH IN SECTION 1. Stockholders who hold shares through brokers or banks are urged to consult the brokers or banks to determin...
must_tender_all = True...e tendered (unless properly withdrawn previously in accordance with Section 4) at more than one price. To tender shares properly, one and only one price box must be checked in the appropriate section on each letter of transmittal. IN ADDITION, ODD LOT HOLDERS WHO TENDER ALL OF THEIR SHARES MUST COMPLETE THE SECTION CAPTIONED "ODD LOTS" IN THE LETTER OF TRANSMITTAL AND, IF APPLICABLE, IN THE NOTICE OF GUARANTEED DELIVERY, TO QUALIFY FOR THE PREFERENTIAL TREATMENT AVAILABLE TO ODD LOT HOLDERS AS SET FORTH IN SECTION 1. Stockholders who hold shares through brokers or banks are urged to consult the brokers or banks to determin...
price = USD 15.5...the section on the letter of transmittal indicating that you will accept the purchase price we determine. This election could result in your shares being purchased at the minimum purchase price of $15.50 per share or as high as $18.50 per share. See Section 1. BRASCAN PARTICIPATION Brascan Corporation, our major stockholder which holds 16,055,184 of our shares, has indicated to us that it intends to tender up to an equivalent num...
price = USD 15.5...the section on the letter of transmittal indicating that you will accept the purchase price we determine. This election could result in your shares being purchased at the minimum purchase price of $15.50 per share or as high as $18.50 per share. See Section 1. BRASCAN PARTICIPATION ....... Brascan Corporation, our major stockholder which holds 16,055,184 of our shares, has indicated to us that it intends to tender up to an equiva...
price = USD 18.5...g language: The tender offer expired at 5:00 p.m., New York City time, on September 30, 2003. The Company accepted for payment a total of 1,092,733 shares of its common stock at a purchase price of $18.50 per share. 1 Item 12. Exhibits. (a)(1)(i) Offer to Purchase dated August 18, 2003.* (a)(1)(ii) Letter of Transmittal.* (a)(1)(iii) Notice of Guaranteed Delivery.* (a)(1)(iv) Guidelines for Certification of Taxpayer Identification...
threshold = 100...addition, Brookfield Homes reserves the right to purchase all shares duly tendered by any stockholder who tenders all shares owned beneficially or of record at or below the purchase price and who, as a result of proration, would then beneficially or of record own an aggregate of fewer than 100 shares. See Section 1. THE TENDER OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING TENDERED. THE TENDER OFFER IS, HOWEVER, SUBJECT TO CERTAIN CONDITIONS. SEE SECTION 6. This tender offer is made in Canada for securities of a U.S. issuer in accordance with U.S. federal securities laws. Canadian stockholders should be aware that the...
threshold = 100...er to tender your shares and, if so, how many shares to tender and the price or prices at which you should tender your shares. Our directors and executive officers have advised us that they do not intend to tender any shares in the offer. See Section 10. IF I OWN FEWER THAN 100 SHARES AND I TENDER ALL MY SHARES, WILL I BE SUBJECT TO PRORATION? .................. If you own beneficially or of record less than 100 shares, and should you tender all of them at or below the purchase price before the tender offer expires and complete the section entitled "Odd Lots" in the related letter of transmittal, we will purchase all...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 3 ex-a1i.htm OFFER TO PURCHASE Exhibit 99(a)(1)(i) BROOKFIELD HOMES CORPORATION OFFER TO PURCHASE FOR CASH UP TO 5,000,000 SHARES OF ITS COMMON STOCK AT A PURCHASE PRICE NOT GREATER THAN $18.50 NOR LESS THAN $15.50 PER SHARE THE OFFER, PRORATION PERIOD, AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON SEPTEMBER 24, 2003, UNLESS THE OFFER IS EXTENDED....
txn_type = TENDER_OFFEREX-99.(A)(1)(VI) 4 ex-a1vi_d13244.txt BROOKFIELD HOMES CORPORATION OFFER TO PURCHASE FOR CASH UP TO 5,000,000 SHARES OF ITS COMMON STOCK AT A PURCHASE PRICE NOT GREATER THAN $18.50 NOR LESS THAN $15.50 PER SHARE THE OFFER, PRORATION PERIOD, AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON SEPTEMBER 24, 2003, UNLESS THE OFFER IS EXTENDED. Brookfield Homes Corporation, a Delaware corporation, is offering t...
txn_type = TENDER_OFFER...: |_| This Amendment No. 2 amends and supplements the Issuer Tender Offer Statement on Schedule TO initially filed on August 18, 2003, as amended and supplemented, by Brookfield Homes Corporation, a Delaware corporation (the "Company"), in connection with its offer to purchase 5,000,000 shares of its common stock, par value $0.01 per share, or such lesser number of shares as are properly tendered and not properly withdrawn, from its stockholders. The tender offer will be conducted upon the terms and subject to the conditions set forth in the offer to purchase dated August 18, 2003, as amended and supplemented,...
txn_type = TENDER_OFFER...: |_| This Amendment No. 3 amends and supplements the Issuer Tender Offer Statement on Schedule TO initially filed on August 18, 2003, as amended and supplemented, by Brookfield Homes Corporation, a Delaware corporation (the "Company"), in connection with its offer to purchase 5,000,000 shares of its common stock, par value $0.01 per share, or such lesser number of shares as are properly tendered and not properly withdrawn, from its stockholders. The tender offer will be conducted upon the terms and subject to the conditions set forth in the offer to purchase dated August 18, 2003, as amended and supplemented,...
txn_type = TENDER_OFFER...: |_| This Amendment No. 4 amends and supplements the Issuer Tender Offer Statement on Schedule TO initially filed on August 18, 2003, as amended and supplemented, by Brookfield Homes Corporation, a Delaware corporation (the "Company"), in connection with its offer to purchase 5,000,000 shares of its common stock, par value $0.01 per share, or such lesser number of shares as are properly tendered and not properly withdrawn, from its stockholders. The tender offer will be conducted upon the terms and subject to the conditions set forth in the offer to purchase dated August 18, 2003, as amended and supplemented,...
txn_type = TENDER_OFFER...: |_| This Amendment No. 5 amends and supplements the Issuer Tender Offer Statement on Schedule TO initially filed on August 18, 2003, as amended and supplemented, by Brookfield Homes Corporation, a Delaware corporation (the "Company"), in connection with its offer to purchase 5,000,000 shares of its common stock, par value $0.01 per share, or such lesser number of shares as are properly tendered and not properly withdrawn, from its stockholders. The tender offer will be conducted upon the terms and subject to the conditions set forth in the offer to purchase dated August 18, 2003, as amended and supplemented,...
txn_type = TENDER_OFFER...: |X| This Amendment No. 7 amends and supplements the Issuer Tender Offer Statement on Schedule TO initially filed on August 18, 2003, as amended and supplemented, by Brookfield Homes Corporation, a Delaware corporation (the "Company"), in connection with its offer to purchase 5,000,000 shares of its common stock, par value $0.01 per share, or such lesser number of shares as are properly tendered and not properly withdrawn, from its stockholders. The tender offer will be conducted upon the terms and subject to the conditions set forth in the offer to purchase dated August 18, 2003, as amended and supplemented,...
txn_type = TENDER_OFFER...: |_| This Amendment No. 6 amends and supplements the Issuer Tender Offer Statement on Schedule TO initially filed on August 18, 2003, as amended and supplemented, by Brookfield Homes Corporation, a Delaware corporation (the "Company"), in connection with its offer to purchase 5,000,000 shares of its common stock, par value $0.01 per share, or such lesser number of shares as are properly tendered and not properly withdrawn, from its stockholders. The tender offer will be conducted upon the terms and subject to the conditions set forth in the offer to purchase dated August 18, 2003, as amended and supplemented,...
expired_on = 2003-09-30...n the offer to purchase, as amended and supplemented. Item 4. Terms of the Transaction. Item 4 of the Schedule TO is hereby amended and supplemented by adding the following language: The tender offer expired at 5:00 p.m., New York City time, on September 30, 2003. The Company accepted for payment a total of 1,092,733 shares of its common stock at a purchase price of $18.50 per share. 1 Item 12. Exhibits. (a)(1)(i) Offer to Purchase dated August 18, 2003.* (a)(1)(ii) Letter of Transmittal.* (a)(1)(iii) Notice of Guaranteed Delivery.* (a)(...
final_price = 18.5...ed by adding the following language: The tender offer expired at 5:00 p.m., New York City time, on September 30, 2003. The Company accepted for payment a total of 1,092,733 shares of its common stock at a purchase price of $18.50 per share. 1 Item 12. Exhibits. (a)(1)(i) Offer to Purchase dated August 18, 2003.* (a)(1)(ii) Letter of Transmittal.* (a)(1)(iii) Notice of Guaranteed Delivery.* (a)(1)(iv) Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9.* (a)(1)(v) Form W-8BEN and I...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2003-08-18 | SC TO-I | original (governing) | View |
| 2003-09-10 | SC TO-I/A | amendment | View |
| 2003-09-16 | SC TO-I/A | amendment | View |
| 2003-09-24 | SC TO-I/A | amendment | View |
| 2003-09-25 | SC TO-I/A | amendment | View |
| 2003-10-01 | SC TO-I/A | amendment | View |
| 2003-10-01 | SC TO-I/A | amendment | View |
| 2003-10-06 | SC TO-I/A | amendment | View |