Odd Lot Index

DELTA APPAREL INC DLAPQ

No odd-lot preference

Read automatically from the filing
This offer mentions odd lots only to say they get no special treatment. Odd-lot tenders are prorated like everyone else's.
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 date2002-01-10
How it is pricedDutch auction
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formYes

How it finished

Everyone else100%
Shares tendered350,000
Shares accepted350,000
Overall acceptance100%

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...of Shares pursuant to the Offer. 8. If you beneficially hold an aggregate of fewer than 100 Shares and you instruct us to tender on your behalf all such Shares at or below the Purchase Price before the Expiration Date (as defined in the Offer to Purchase) and check the box captioned "Odd Lots" in the attached Instruction Form, the Company, upon the terms and subject to the conditions of the Offer, will accept all such Shares for purchase before proration, if any, of the purchase of other Shares properly tendered at or below the Purchase Price. 9. If you wish to tender portions of your Shares at different prices, you must comp...
expiry = 2002-01-10...n Stock At A Purchase Price Not In Excess Of $22.00 Nor Less Than $19.00 Net Per Share -------------------------------------------------------------------------------- THE OFFER AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON THURSDAY, JANUARY 10, 2002, UNLESS THE OFFER IS EXTENDED. -------------------------------------------------------------------------------- Delta Apparel, Inc., a Georgia corporation ("Company"), hereby invites its shareholders to tender shares of its Common Stock, $...
mechanism = DUTCH...requirements. Neither Delta Apparel nor its Board of Directors makes any recommendation to any shareholder whether or not to tender any or all Shares. Sincerely, /s/ Robert W. Humphreys President and Chief Executive Officer EXHIBIT (a)(5) Delta Apparel Announces Dutch Auction DULUTH, Ga.-(BUSINESS WIRE)-November 20, 2001-Delta Apparel, Inc. (AMEX-DLA) Announces on November 19, 2001, Delta Apparel's Board of Directors authorized the purchase by Delta Apparel of as many as 350,000 of its shares of common stock in a tender offer expected to commence by the mailing of materials to shareholders on December 7, 2001...
mechanism = DUTCH...Press Release issued by Company dated December 31, 2001. EXHIBIT (a)(5)(iii) DELTA APPAREL, INC. 2750 Premiere Parkway, Suite 100 Duluth, GA 30097 (678) 775-6900 December 31, 2001 NEWS RELEASE DELTA APPAREL ANNOUNCES NEW DISCLOSURE AND STANDARD OF DISCRETION FOR DUTCH AUCTION TENDER OFFER DULUTH, Ga.-- (BUSINESS WIRE) -- December 31, 2001 -- On December 7, 2001, Delta Apparel, Inc. (AMEX-DLA), a Georgia corporation, filed a Schedule TO with the Securities and Exchange Commission announcing its intention to purchase up to 350,000 shares of its Common Stock, $0.01 par value per share (the "Shares"), as provided...
must_tender_all = True...er the Expiration Date. However, if so many conditional tenders would be deemed withdrawn that the total number of Shares to be purchased falls below 350,000 Shares, then, to the extent feasible, the Company will identify conditional tenders from shareholders who tender all of their Shares and will select enough of such conditional tenders which would otherwise have been deemed withdrawn to purchase such desired number of Shares. In selecting among such conditional tenders, the Company will select by random lot. IN THE EVENT OF PRORATION, ANY SHARES TENDERED PURSUANT TO A CONDITIONAL TENDER FOR WHICH THE MINIMUM REQUIREMEN...
no_priority = True...rovided the amount of additional Shares does not exceed 2% of the outstanding Shares. See Section 15. In the event of an over-subscription of the Offer as described below, Shares tendered at or below the Purchase Price prior to the Expiration Date, except for Odd Lots as explained below, will be subject to proration. The proration factor will be determined, if necessary, by the Company as soon as practicable after the Expiration Date. 3 The Company will select the lowest Purchase Price that will allow it to buy 350,000 Shares (or such lesser number of Shares as are properly tendered at prices not in excess of $22.00 nor less than $19.00 net per Shar...
threshold = 100...ted for payment by the Company pursuant to the Offer, may also be withdrawn at any time after 12:00 Midnight, New York City time, on January 10, 2002. Odd Lots .................................. There will be no proration of Shares tendered by any shareholder owning beneficially or of record fewer than 100 Shares who properly tenders all Shares owned, does not properly withdraw any Shares owned, and checks the "Odd Lots" box in the Letter of Transmittal. See Section 1. Further Developments Regarding ............ Call the Information Agent or consult your broker. the Offer 1 TO HOLDERS OF COMMON STOCK OF DELTA APPAREL, INC.: INTRODUCTION Delta App...
txn_type = TENDER_OFFER...__ This issuer tender offer statement on Schedule TO relates to an offer by Delta Apparel, Inc., a Georgia corporation ("Company"), to purchase 350,000 shares (or such lesser number of shares as are properly tendered and subject to increase as provided in the Offer to Purchase dated December 7, 2001 ("Offer to Purchase") of its Common Stock, $0.01 par value per share (the "Shares"), 2,334,149 of which Shares were outstanding as of December 7, 2001, at a purchase price not greater than $22.00 nor less than $19.00 net per Share in cash upon the terms and subject to the conditions set forth in the Offer to Purcha...
txn_type = TENDER_OFFER...ule TO, filed on December 18, 2001, by Delta Apparel, Inc., a Georgia corporation (the "Company"), relating to an offer by the Company to purchase up to 350,000 shares of its Common Stock, $0.01 par value per share (the "Shares"), as provided in the Company's Offer to Purchase dated December 7, 2001, as amended on December 18, 2001 (the "Offer to Purchase"), at a purchase price not greater than $22.00 nor less than $19.00 net per Share in cash upon the terms and subject to the conditions set forth in the Offer to Purchase and the related Letter of Transmittal, which together constitute the "Offer." Copies of t...
accepted = 350000...roximately 1.3% of the outstanding Shares. These officers and directors and related parties have advised the Company that they do not intend to tender any Shares pursuant to the Offer. If the Company purchases 350,000 Shares pursuant to the Offer, then after the purchase of such Shares, these officer, directors and related parties would own beneficially approximately 31.5% of the outstanding Shares. The Company has been advised that none of its other directors or executive officers intends to tender any Shares pursuant t...
tendered = 350000...l amendment reporting the results of the tender offer. ___ This issuer tender offer statement on Schedule TO relates to an offer by Delta Apparel, Inc., a Georgia corporation ("Company"), to purchase 350,000 shares (or such lesser number of shares as are properly tendered and subject to increase as provided in the Offer to Purchase dated December 7, 2001 ("Offer to Purchase") of its Common Stock, $0.01 par value per share (the "Shares"), 2,334,149 of which Shares were outstanding as of December 7, 2001, at a purchase price not greater than $22.00...

The filings

FiledFormRoleOn EDGAR
2001-12-07SC TO-Ioriginal (governing)View
2001-12-31SC TO-I/AamendmentView