Odd Lot Index

CENTRAL PARKING 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.
StatusClosed
Closing date2005-09-30
How it is pricedDutch auction
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formNot stated
Price offeredUSD $14.50 to $16.75 per share, in steps of $0.25
Most an odd-lot tender could be$1,435.50 to $1,658.25

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 = 2005-09-14...Purchase for Cash Up to 4,400,000 Shares of its Common Stock At a Purchase Price Not Greater Than $16.75 Nor Less Than $14.50 Per Share by Central Parking Corporation The offer and withdrawal rights will expire at 5:00 p.m., New York City time, on September 14, 2005, unless the offer is extended. Central Parking Corporation, a Tennessee corporation, is offering to purchase up to 4,400,000 shares of its common stock, par value $0.01 per share (the “Common Stock”), at prices not greater than $16.75 nor...
expiry = 2005-09-30...not greater than $16.75 nor less than $14.50 per share, without interest, upon the terms and subject to the conditions of the Original Offer to Purchase. The tender offer was previously scheduled to expire at 5:00 p.m., New York City time on Friday, September 30, 2005. The Company, by this supplement (the “Supplement”, together with the Original Offer to Purchase, the “Offer to Purchase”), amends the Original Offer to Purchase. The Original Offer to Purchase, this Supplement and related amended Letter o...
listed = True...ittal relating to the price at which you are tendering shares in order to validly tender shares. The Offer is not conditioned upon any minimum number of shares being tendered. The Offer is, however, subject to other conditions. See Section 7. Our Common Stock is listed on the New York Stock Exchange (the “NYSE”) under the symbol “CPC.” On August 10, 2005, the last full trading day before we announced the commencement of the Offer, the reported closing price of our Common Stock on the NYSE was $14.60 per share. You should obtain current market quotations for the Common Stock before tendering any of your shares. You should direct ques...
listed = True...on, and that do not wish to change that direction. THE TENDER OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING TENDERED. THE TENDER OFFER IS, HOWEVER, SUBJECT TO OTHER CONDITIONS. SEE SECTION 7 OF THE OFFER TO PURCHASE. The shares are listed and traded on the New York Stock Exchange (the “NYSE”) under the trading symbol “CPC”. On September 28, 2005, the last full trading day prior to the announcement of the terms of the amended offer, the last reported sale price of the Company’s shares on the NYSE was $15.30 per share. NEITHER CENTRAL PARKING CORPORATION, ITS BOARD OF DIRECTORS, THE DEALER MANAGER, SUNTRUST BANK (THE “DEPOSIT...
mechanism = DUTCH...he number of shares that will be purchased, see Section 1, “Number of Shares; Proration; Expiration Date.” How much will Central Parking Corporation pay me for my shares and how will I be paid? We are conducting the Offer through a procedure commonly called a modified “Dutch Auction.” • This procedure allows you to select the price within a specified price range at which you are willing to sell your shares. The price range for the Offer is $14.50 to $16.75 per share. • We will determine the lowest single per share price within the price range that will allow us to purchase 4,400,000 shares or, if fewer shares are te...
mechanism = DUTCH...he number of shares that will be purchased, see Section 1, “Number of Shares; Proration; Expiration Date.” How much will Central Parking Corporation pay me for my shares and how will I be paid? We are conducting the Offer through a procedure commonly called a modified “Dutch Auction.” This procedure allows you to select the price within a specified price range at which you are willing to sell your shares. The price range for the Offer is $14.00 to $16.00 per share. We will determine the lowest single per share price within the price range that will allow us to purchase 4,400,000 shares or, if fewer shares are tender...
must_tender_all = True...se would have expired. See Section 8, “Extension of the Offer; Termination; Amendments.” In what order will tendered shares be purchased? Will tendered shares be prorated? • First, we will purchase shares from all holders of “odd lots” of less than 100 shares who properly tender all of their shares, and do not properly withdraw such shares, at or below the selected purchase price; • Second, after purchasing all shares from the “odd lot holders,” we will then purchase shares from all other tendering shareholders tendered at or below the selected purchase price and not properly withdrawn, on a pro rata basis, subject to the condition...
price = USD 14.5-16.75...cedure commonly called a modified “Dutch Auction.” • This procedure allows you to select the price within a specified price range at which you are willing to sell your shares. The price range for the Offer is $14.50 to $16.75 per share. • We will determine the lowest single per share price within the price range that will allow us to purchase 4,400,000 shares or, if fewer shares are tendered, all shares tendered. • All shares purchased will...
price = USD 14.0-16.0...rocedure commonly called a modified “Dutch Auction.” This procedure allows you to select the price within a specified price range at which you are willing to sell your shares. The price range for the Offer is $14.00 to $16.00 per share. We will determine the lowest single per share price within the price range that will allow us to purchase 4,400,000 shares or, if fewer shares are tendered, all shares tendered. All shares purchased will be p...
threshold = 100...n validly tendered at or below the Purchase Price and not properly withdrawn on or prior to the Expiration Date, we will purchase shares in the following order of priority: (a) all such shares owned beneficially or of record by a person owning an aggregate of fewer than 100 shares (an “Odd Lot Owner”) who validly tenders all of such shares (partial tenders will not qualify for this preference) and completes, or whose broker, bank or other nominee completes, the box captioned “Odd Lots” in the letter of transmittal and, if applicable, in the notice of guaranteed delivery; 8 Table of Contents (b) after purchase of all of the for...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 g96866iexv99wxayx1yxiy.htm EX-99.(A)(1)(I) OFFER TO PURCHASE Ex-99.(a)(1)(i) Offer to Purchase Table of Contents EXHIBIT (a)(1)(i) Offer to Purchase for Cash Up to 4,400,000 Shares of its Common Stock At a Purchase Price Not Greater Than $16.75 Nor Less Than $14.50 Per Share by Central Parking Corporation The offer and withdrawal rights will expire at 5:00 p.m., New York City time, on September 14...
txn_type = TENDER_OFFEREX-99.(A)(1)(VII) 2 g97506a3exv99wxayx1yxviiy.htm EX-99.(A)(1)(VII) SUPPLEMENT TO OFFER TO PURCHASE 09/30/05 exv99wxayx1yxviiy Exhibit (a)(1)(vii) Supplement to the Offer to Purchase for Cash Up to 4,400,000 Shares of its Common Stock by Central Parking Corporation THE TENDER OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS HAVE BEEN EXTENDED AND WILL NOW EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, ON FRIDAY, OCTOBER 14, 2005, UNLESS TH...

The filings

FiledFormRoleOn EDGAR
2005-08-12SC TO-Ioriginal (governing)View
2005-09-30SC TO-I/AamendmentView