CAMDEN NATIONAL CORP CAC

expiry = 2006-04-21...N OFFER TO PURCHASE FOR CASH UP TO 752,000 SHARES OF COMMON STOCK AT A PURCHASE PRICE NOT GREATER THAN $40.25 NOR LESS THAN $36.50 PER SHARE OUR OFFER, THE PRORATION PERIOD AND YOUR RIGHT TO WITHDRAW WILL EXPIRE AT 5:00 P.M. (EASTERN DAYLIGHT SAVINGS TIME) ON FRIDAY, APRIL 21, 2006, UNLESS OUR OFFER IS EXTENDED. We, Camden National Corporation, a Maine corporation (“Camden,” the “Company,” “we” or “us”) hereby invite our stockholders to tender up to 752,000 shares of our common stock, no par value, for purchase by us...

mechanism = DUTCH...erve the right, in our sole discretion, to purchase additional shares subject to applicable legal requirements. Q. What will the purchase price be? (Section 1—“Number of Shares; Proration.”) A: We are conducting our offer through a procedure commonly called a modified “Dutch Auction.” This procedure allows you to choose a price or prices (in increments of $0.25) within a specified price range at which you are willing to sell your shares. The price range for this offer is $36.50 to $40.25 per share. We will then examine the prices chosen by stockholders for all of the shares properly tendered and will select the lowe...

must_tender_all = True...5 Q. In what order will tendered shares be purchased? (Section 1—“Number of Shares; Proration.”) A: We will purchase shares: • first, from all stockholders of “odd lots” (persons who own less than 100 shares), not including any shares held in our 401(k) Plan, 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 tender offer; • second, subject to the conditional tender provisions described in Section 6—“Conditional Tender of Shares,” on a pro rata basis from all other stockholders, including any shares held in our 401(k) Plan, who properl...

price = USD 36.5-40.25...ed “Dutch Auction.” This procedure allows you to choose a price or prices (in increments of $0.25) within a specified price range at which you are willing to sell your shares. The price range for this offer is $36.50 to $40.25 per share. We will then examine the prices chosen by stockholders for all of the shares properly tendered and will select the lowest price that will enable us to buy 752,000 shares. If a lesser number of shares is tende...

threshold = 100...en if you choose a price at or below the purchase price we select. If more than 752,000 shares are tendered at or below the purchase price we select, we will purchase shares first from shares properly tendered at or below the selected price by any stockholder who owns fewer than 100 shares and who tenders all such shares and then from all stockholders who properly tender shares at prices equal to or below the selected price, on a pro rata basis. We will announce this proration percentage, if proration is necessary, after our offer expires. We expressly reserve the right, in our sole discretion, to purchase up to an additio...

txn_type = TENDER_OFFEREX-99.A.1.I 2 dex99a1i.htm OFFER TO PURCHASE, DATED MARCH 24, 2006 Offer to Purchase, dated March 24, 2006 EXHIBIT (a)(1)(i) CAMDEN NATIONAL CORPORATION OFFER TO PURCHASE FOR CASH UP TO 752,000 SHARES OF COMMON STOCK AT A PURCHASE PRICE NOT GREATER THAN $40.25 NOR LESS THAN $36.50 PER SHARE OUR OFFER, THE PRORATION PERIOD AND YOUR RIGHT TO WITHDRAW WILL EXPIRE AT 5:00 P.M. (EASTERN...