Odd Lot Index

COPART INC CPRT

No odd-lot preference

Unclear — read the filing yourself
This offer mentions odd lots only to say they get no special treatment. Odd-lot tenders are prorated like everyone else's.
StatusClosed
Closing date2011-01-14
How it is pricedFixed price
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formYes
Price offeredUSD $38.00 per share
Cleared at$38.00
Most an odd-lot tender could be$3,762.00

How it finished

Everyone else59.2%
Shares tendered12,172,088
Shares accepted12,172,088
Proration factor59.2%
Overall acceptance100%
stated proration 59.2% applies to the prorated pool; overall acceptance was 100.0%. The difference is expected: odd lots, withdrawn conditional tenders or a top-up right sit outside that pool

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...Section 1. If I own fewer than 100 shares and I tender all of my shares, will I be subject to proration? If you (1) own beneficially or of record fewer than 100 shares in the aggregate, (2) properly tender all of those shares before the Offer expires, and (3) complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery, we will purchase all of your shares without subjecting them to the proration procedure. See Section 1. Once I have tendered shares in the Offer, can I withdraw my tender? Yes. You may withdraw any shares you have tendered at any time before 5:00 p.m., New York City time, on Friday...
expiry = 2011-01-14...COPART, INC. of Up to 10,526,315 Shares of its Common Stock (Including the Associated Preferred Stock Rights) at a Purchase Price of $38.00 Per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON FRIDAY, JANUARY 14, 2011 UNLESS THE OFFER IS EXTENDED (THE “EXPIRATION TIME”). Copart, Inc., a California corporation (“Copart,” the “Company,” “we,” or “us”), is offering to purchase up to 10,526,315 shares of our common stock, no par value (the “common stock”),...
listed = True...e Section 16. Any determination by us concerning the events described above will be final and binding on all parties, subject to a shareholder’s right to challenge our determination in a court of competent jurisdiction. 8. Price Range of the Shares The shares are traded on the NASDAQ Global Select Market under the symbol “CPRT.” The following table sets forth, for each of the periods indicated, the high and low sales prices per share as reported by NASDAQ based on published financial sources. High Low Year Ended July 31, 2009: First Quarter $ 46.96 $ 30.21 Second Quarter $ 36.57 $ 22.54 Third Quarter $ 32.78 $ 23.48 Fourth Quarter $ 36.00 $ 29.02...
mechanism = FIXEDEX-99.(A)(1)(A) 2 d27612exh99a1a.htm EX-99.(A)(1)(A) Unassociated Document Offer to Purchase for Cash by COPART, INC. of Up to 10,526,315 Shares of its Common Stock (Including the Associated Preferred Stock Rights) at a Purchase Price of $38.00 Per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON FRIDAY, JANUARY 14, 2011 UNLESS THE OFFER IS EXTENDED (THE “EXPIRATION TIME”). Copart, Inc., a California corporation (“Copart,” the “Company,” “we,” or “us”), is offering to purchase up to 10,526,315 shares of our common stock, no par valu...
mechanism = FIXED...he tender offer, 15,095,268 shares of Copart common stock were properly tendered and not withdrawn (excluding 5,992,024 shares tendered pursuant to guaranteed delivery procedures). Accordingly, Copart will accept for purchase a total of 12,172,088 shares at a purchase price of $38.00 per share, for a total cost of approximately $462.5 million. The shares expected to be purchased are comprised of the 10,526,315 shares Copart offered to purchase and an additional 1,645,773 shares to be purchased pursuant to Copart’s right to purchase additional shares up to 2% of its outstanding shares, and represent approximately 14.8% of Copar...
mechanism = FIXED...15 shares of its common stock at a price of $38.00 per share, which expired at 5:00 p.m., New York City time, on Friday, January 14, 2011. Copart has accepted for purchase 12,172,088 shares of its common stock, including all “odd lots” properly tendered, at a purchase price of $38.00 per share, for a total cost of approximately $462.5 million. The shares accepted for purchase are comprised of the 10,526,315 shares Copart offered to purchase and an additional 1,645,773 shares purchased pursuant to Copart’s right to purchase additional shares up to 2% of its outstanding shares, and represent approximately 14.8% of Copart’s issue...
must_tender_all = True...h greater number of shares as we may elect to purchase, subject to applicable law) are properly tendered and not properly withdrawn prior to the expiration of the Offer, we will purchase shares: • first, from all holders of “odd lots” of fewer than 100 shares who properly tender all of their shares and do not properly withdraw them before the expiration of the Offer; • second, from all other shareholders who properly tender shares, on a pro rata basis (except for shareholders who tendered shares conditionally for which the condition was not satisfied); and • third, only if necessary to permit us to purchase 10,526,315 shares (or su...
no_priority = True...3. A Non-U.S. Holder that submits a properly completed IRS Form W-8BEN may still be subject to the regular withholding tax on the gross proceeds payable to such holder. See Section 3 and Section 14. 6. Conditional Tender of Shares Subject to the exception for Odd Lot Holders, in the event of an over-subscription of the Offer, shares tendered prior to the Expiration Time will be subject to proration. See Section 1. As discussed in Section 14, the number of shares to be purchased from a particular shareholder may affect the U.S. federal income tax treatment of the purchase to the shareholder and the shareholder’s decision whether to tender. The conditional tender alternative is made available for shareholders seeking to take steps to...
price = USD 38.0...99.(A)(1)(A) Unassociated Document Offer to Purchase for Cash by COPART, INC. of Up to 10,526,315 Shares of its Common Stock (Including the Associated Preferred Stock Rights) at a Purchase Price of $38.00 Per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON FRIDAY, JANUARY 14, 2011 UNLESS THE OFFER IS EXTENDED (THE “EXPIRATION TIME”). Copart, Inc., a California corporation (“...
price = USD 38.0...and not withdrawn (excluding 5,992,024 shares tendered pursuant to guaranteed delivery procedures). Accordingly, Copart will accept for purchase a total of 12,172,088 shares at a purchase price of $38.00 per share, for a total cost of approximately $462.5 million. The shares expected to be purchased are comprised of the 10,526,315 shares Copart offered to purchase and an additional 1,645,773 shares to be purchased pursuant to Cop...
price = USD 38.0...:00 p.m., New York City time, on Friday, January 14, 2011. Copart has accepted for purchase 12,172,088 shares of its common stock, including all “odd lots” properly tendered, at a purchase price of $38.00 per share, for a total cost of approximately $462.5 million. The shares accepted for purchase are comprised of the 10,526,315 shares Copart offered to purchase and an additional 1,645,773 shares purchased pursuant to Copart’s rig...
priority_conflicting = True...315 shares are tendered? If more than 10,526,315 shares (or such greater number of shares as we may elect to purchase, subject to applicable law) are properly tendered and not properly withdrawn prior to the expiration of the Offer, we will purchase shares: • first, from all holders of “odd lots” of fewer than 100 shares who properly tender all of their shares and do not properly withdraw them before the expiration of the Offer; • second, from all other shareholders who properly tender shares, on a pro rata basis (except for shareholders who tendered shares conditionally for which the condition was not satisfied); and • third, only if necessary to...
threshold = 100...res), or if a lesser number of shares are properly tendered, all shares that are properly tendered and not properly withdrawn. If more than 10,526,315 shares are properly tendered, we will purchase all shares properly tendered on a pro rata basis, except for “odd lots” (lots held by owners of fewer than 100 shares), which we will purchase on a priority basis, and conditional tenders whose condition was not met, which we will not purchase (except as described in Section 6). We also expressly reserve the right to purchase additional shares, up to 2% of our outstanding shares (approximately 1,644,284, based on 82,214,227 shares of our common stock is...
txn_type = TENDER_OFFEREX-99.(A)(1)(A) 2 d27612exh99a1a.htm EX-99.(A)(1)(A) Unassociated Document Offer to Purchase for Cash by COPART, INC. of Up to 10,526,315 Shares of its Common Stock (Including the Associated Preferred Stock Rights) at a Purchase Price of $38.00 Per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON FRIDAY, JANUARY 14, 2011 UNLESS THE OFFER IS EXTENDED (THE “EXPIRATION TIME”)....
txn_type = TENDER_OFFER...-aih.htm EX-99.(A)(1)(H) For Immediate Release Copart, Inc. For Immediate Release Copart Announces Preliminary Results of its Tender Offer Fairfield, Calif. (January 18, 2011) – Copart, Inc. (NASDAQ: CPRT) announced today the preliminary results of its tender offer to purchase up to 10,526,315 shares of its common stock at a price of $38.00 per share, which expired at 5:00 p.m., New York City time, on Friday, January 14, 2011. Based on the preliminary count by Computershare Trust Company, N.A., the Depositary for the tender offer, 15,095,268 shares of Copart common stock were properly tendered and not withdraw...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 d27798_ex-a1i.htm For Immediate Release Copart, Inc. For Immediate Release Copart Announces Final Results of its Tender Offer Fairfield, Calif. (January 24, 2011) – Copart, Inc. (NASDAQ: CPRT) announced today the final results of its tender offer to purchase up to 10,526,315 shares of its common stock at a price of $38.00 per share, which expired at 5:00 p.m., New York City time, on Friday, January 14, 2011. Copart has accepted for purchase 12,172,088 shares of its common stock, including all “odd lots” properly tendered, at a purchase price of $38.00 per share, for a total cost of approxima...
accepted = 12172088...lts of its tender offer to purchase up to 10,526,315 shares of its common stock at a price of $38.00 per share, which expired at 5:00 p.m., New York City time, on Friday, January 14, 2011. Copart has accepted for purchase 12,172,088 shares of its common stock, including all “odd lots” properly tendered, at a purchase price of $38.00 per share, for a total cost of approximately $462.5 million. The shares accepted for purchase are comprised of the 10,526,315 shares Copart offered to purchase and an additional 1,645,...
final_price = 38.0...share, which expired at 5:00 p.m., New York City time, on Friday, January 14, 2011. Copart has accepted for purchase 12,172,088 shares of its common stock, including all “odd lots” properly tendered, at a purchase price of $38.00 per share, for a total cost of approximately $462.5 million. The shares accepted for purchase are comprised of the 10,526,315 shares Copart offered to purchase and an additional 1,645,773 shares purchased pursuant to Copart’s right to purchase additional shares up to 2% of its outstanding...
proration_pct = 59.2...onditional tenders that were not accepted due to the specified condition not being satisfied). Copart has been informed by the Depositary that, after giving effect to the priority for “odd lots,” the final proration factor is approximately 59.2%. The Depositary will promptly issue payment for the shares validly tendered and accepted for purchase and will return all other shares tendered. Georgeson Inc. is acting as the Information Agent, and the Depositary is Computershare Trust Company, N.A. For questions and informati...
tendered = 12172088...r to purchase up to 10,526,315 shares of its common stock at a price of $38.00 per share, which expired at 5:00 p.m., New York City time, on Friday, January 14, 2011. Copart has accepted for purchase 12,172,088 shares of its common stock, including all “odd lots” properly tendered, at a purchase price of $38.00 per share, for a total cost of approximately $462.5 million. The shares accepted for purchase are comprised of the 10,526,315 shares Copart offered to purchase and an additional 1,645,773 shares purchased pursuant to Copart’s right to purchase addi...

The filings

FiledFormRoleOn EDGAR
2010-12-15SC TO-Ioriginal (governing)View
2011-01-18SC TO-I/AamendmentView
2011-01-24SC TO-I/AamendmentView