CREDIT ACCEPTANCE CORP CACC

election_required = True...o the expiration date by any odd lot holder (as defined below) who: (a) tenders all shares owned beneficially or of record by that odd lot holder (tenders of fewer than all the shares owned by that odd lot holder will not qualify for this preference); and (b) completes the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery. 11 Table of Contents (2) Second, after the purchase of all of the shares tendered by odd lot holders, subject to the conditional tender provisions described in Section 6, CA will purchase all other shares properly tendered and not properly withdrawn prior to the expiration date, o...

expiry = 2014-03-26...HIBIT (a)(1)(i) OFFER TO PURCHASE FOR CASH BY CREDIT ACCEPTANCE CORPORATION OF UP TO 637,420 SHARES OF ITS COMMON STOCK AT A PURCHASE PRICE OF $133.35 PER SHARE THE TENDER OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON MARCH 26, 2014, UNLESS THE TENDER OFFER IS EXTENDED. Credit Acceptance Corporation, a Michigan corporation (“CA,” “we” or “us”), is offering to purchase up to 637,420 shares of its common stock, par value $0.01 per share, at a price of $133.35 per share,...

listed = True...expiration date. Any determination or judgment by CA concerning the events described above will be final and binding on all parties, subject to a court of law having jurisdiction regarding such matters. SECTION 8. PRICE RANGE OF SHARES; DIVIDENDS CA’s shares are traded on the NASDAQ Global Select Market under the trading symbol “CACC.” The following table sets forth the high and low sales prices per share reported on the NASDAQ Global Select Market for each of the fiscal periods indicated. High Low 2011 First Quarter $ 72.55 $ 53.04 Second Quarter 84.50 71.00 Third Quarter 86.87 56.55 Fourth Quarter 93.10 60.09 2012 First Quarter $ 107.09 $ 76.9...

listed = True...important ancillary benefit of our programs is that we provide a significant number of our consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing. Credit Acceptance is publicly traded on the NASDAQ under the symbol CACC. For more information, visit creditacceptance.com.

mechanism = FIXEDEX-99.A.1.I 2 d682714dex99a1i.htm EX-99.A.1.I EX-99.a.1.i Table of Contents EXHIBIT (a)(1)(i) OFFER TO PURCHASE FOR CASH BY CREDIT ACCEPTANCE CORPORATION OF UP TO 637,420 SHARES OF ITS COMMON STOCK AT A PURCHASE PRICE OF $133.35 PER SHARE THE TENDER OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON MARCH 26, 2014, UNLESS THE TENDER OFFER IS EXTENDED. Credit Acceptance Corporation, a Michigan corporation (“CA,” “we” or “us”), is offering to purchase up to 637,420 shares of its common stock, par value $0.01 per share, at a price of $133.35 per sha...

must_tender_all = True...rmined by us in our reasonable judgment, that either of these events will occur. See Section 7. What happens if more than 637,420 shares are tendered in the tender offer? We will purchase shares: • first, from all holders of “odd lots” of less than 100 shares who properly tender all of their shares and do not properly withdraw them before the expiration date; • second, after purchasing the shares from the “odd lot” holders, from all other shareholders who properly tender shares and who do not properly withdraw them before the expiration date, on a pro rata basis, subject to the conditional tender provisions described in Section 6,...

no_priority = True...ase price unless 20 Table of Contents satisfactory evidence of the payment of the stock transfer taxes, or exemption therefrom, is submitted. See Instruction 6 of the Letter of Transmittal. SECTION 6. CONDITIONAL TENDER OF SHARES Subject to the exceptions for odd lot holders, in the event of an over-subscription of the tender offer, shares tendered prior to the expiration date will be subject to proration. See Section 1. As discussed in Section 13, the number of shares to be purchased from a particular shareholder may affect the tax treatment of the purchase to the shareholder and the shareholder’s decision whether to tender. Accordingly, a shareholder may tender shares subject to the condition that a specified minimum number of the share...

price = USD 133.35...x99a1i.htm EX-99.A.1.I EX-99.a.1.i Table of Contents EXHIBIT (a)(1)(i) OFFER TO PURCHASE FOR CASH BY CREDIT ACCEPTANCE CORPORATION OF UP TO 637,420 SHARES OF ITS COMMON STOCK AT A PURCHASE PRICE OF $133.35 PER SHARE THE TENDER OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON MARCH 26, 2014, UNLESS THE TENDER OFFER IS EXTENDED. Credit Acceptance Corporation, a Michigan corporation (“CA,” “we” or “us”), is...

threshold = 100...pecified number of shares, none of those shares will be purchased. ODD LOTS. For purposes of the tender offer, the term “odd lots” shall mean all shares properly tendered prior to the expiration date and not properly withdrawn by any person referred to as an “odd lot holder” who owns beneficially or of record an aggregate of fewer than 100 shares and so certifies in the appropriate place on the Letter of Transmittal and, if applicable, on the Notice of Guaranteed Delivery. To qualify for this preference, an odd lot holder must tender all shares owned beneficially or of record by the odd lot holder in accordance with the procedures described in Section 3. As set forth above, odd l...

txn_type = TENDER_OFFEREX-99.A.1.I 2 d682714dex99a1i.htm EX-99.A.1.I EX-99.a.1.i Table of Contents EXHIBIT (a)(1)(i) OFFER TO PURCHASE FOR CASH BY CREDIT ACCEPTANCE CORPORATION OF UP TO 637,420 SHARES OF ITS COMMON STOCK AT A PURCHASE PRICE OF $133.35 PER SHARE THE TENDER OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON MARCH 26, 2014, UNLESS THE TENDER OFFER IS EXTENDED. Credit Acceptance Corporation, a Michigan corporation (“CA,” “we” or “u...

txn_type = TENDER_OFFER...y tendered and not properly withdrawn. Because more than the maximum 637,420 shares were tendered, we have accepted for purchase only a prorated portion of the shares tendered by each tendering shareholder, other than odd lot shareholders, as described in our Offer to Purchase. The proration factor used by us in accepting for purchase tendered shares was approximately 12.6%. We will promptly pay for 637,420 tendered shares of our common stock at a price of $133.35 per share, net to the seller in cash, without interest, at a total cost of approximately $85.0 million. We are financing the purchase of our securit...