DAVITA INC DVA
Terms unclear
Unclear — read the filing yourself
No closing date could be read from these filings. Nothing has been filed for this offer in over six months, so it is treated as closed — a tender offer cannot run that long. Check the filings below if you think otherwise.
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.
amendment with no indexed original - the original may predate the collection window or may not mention odd lots
| Status | Closed (assumed) |
|---|---|
| Closing date | could not be read; last filing 2002-04-02 |
| How it is priced | Dutch auction |
| Odd-lot threshold | — |
| Must tender everything you hold | Not stated |
| Must tick the odd-lot box on the form | Not stated |
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.
mechanism = DUTCH...ta’s stock prior to the announcement of the tender as follows: Period Prior to Announcement Maximum Premium vs. Trading Price of Stock One Year Prior (3/14/01) 49.8% 12 Month Average 23.2% 10 Day Average 12.1% 1 Month Average 9.2% One Day Prior (3/14/02) 9.1% 6. Dutch Auction Tenders that I am familiar with have offered more than the maximum 9% premium over the pre-announcement price that you are offering. Why aren’t you offering a higher premium? Historically, the vast majority of Dutch Auction Tenders have been completed by companies whose stock price, for various reasons, had fallen significantly. DaVita’s...
txn_type = TENDER_OFFER...uestions Regarding DaVita Inc.’s Tender Offer to Buy Up to 24 Million Shares of Its Common Stock Torrance, CA, April 2, 2002, DaVita Inc. (NYSE: DVA) is providing the following additional information, in the form of questions and answers, regarding its Tender Offer to purchase up to 24 million shares of its common stock. These questions and answers should be read in conjunction with the Offer to Purchase and other tender materials the Company has previously mailed to stockholders and filed with the Securities and Exchange Commission. This document is being released publicly, mailed to stockholders and filed wi...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2002-04-02 | SC TO-I/A | amendment (governing) | View |