Odd Lot Index

Expedia, Inc. EXPE

Terms unclear

Unclear — read the filing yourself
StatusClosed
Closing date2007-08-08
How it is priced—
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formYes
Price offeredUSD $27.50 to $30.00 per share
Cleared at$29.00
Most an odd-lot tender could be$2,871.00

How it finished

Everyone else84.2385%
Expired2007-08-08
Shares tendered29,725,349
Shares accepted25,000,003
Proration factor84.2%
Overall acceptance84.1%

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...0 shares and I tender all of my shares, will I be subject to proration? If you own beneficially or of record fewer than 100 shares in the aggregate, you properly tender all of these shares at or below the purchase price before the tender offer expires and you complete the section entitled “Odd Lots” in the letter of transmittal, we will purchase all of your shares without subjecting them to the proration procedure. See Section 1. How will Expedia pay for the shares? We anticipate that we will obtain all of the funds necessary to purchase shares tendered in the tender offer, and to pay related fees and expenses, through a mix of (1) the proceeds of new bank cred...
expiry = 2007-08-08...CASH Up to 116,666,665 Shares of its Common Stock At a Purchase Price Not Greater Than $30.00 Nor Less Than $27.50 Per Share by Expedia, Inc. THE TENDER OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON WEDNESDAY, AUGUST 8, 2007, UNLESS EXPEDIA EXTENDS THE TENDER OFFER. Expedia, Inc., a Delaware corporation (“Expedia”), is offering to purchase for cash up to 116,666,665 shares of its common stock, par value $.001 per share, upon the terms and subject to the condit...
expiry = 2007-08-08...ow Offering to Purchase Up to 25,000,000 Shares of its Common Stock At a Purchase Price Not Greater Than $30.00 Nor Less Than $27.50 Per Share THE TENDER OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON WEDNESDAY, AUGUST 8, 2007, UNLESS EXPEDIA EXTENDS THE TENDER OFFER. To Our Stockholders: Expedia Inc., a Delaware corporation (“Expedia”), has amended its tender offer to purchase shares of our common stock, par value $.001 per share, previously set forth in the of...
listed = True...ER TO PURCHASE AND IN THE LETTER OF TRANSMITTAL, INCLUDING OUR REASONS FOR MAKING THE TENDER OFFER. OUR DIRECTORS AND EXECUTIVE OFFICERS AND LIBERTY MEDIA CORPORATION HAVE ADVISED US THAT THEY DO NOT INTEND TO TENDER ANY SHARES IN THE TENDER OFFER. The shares are listed on The Nasdaq National Market (“Nasdaq”) under the ticker symbol “EXPE”. We publicly announced the tender offer prior to the opening of trading on Nasdaq on June 19, 2007. On June 18, 2007, the reported closing price of the shares on Nasdaq was $25.50 per share. The average of the reported closing prices of the shares on Nasdaq over the ten trading days immediately pr...
mechanism = DUTCHEX-99.(A)(5)(K) 2 v33053a7exv99wxayx5yxky.htm EXHIBIT 99.(A)(5)(K) exv99wxayx5yxky Exhibit (a)(5)(K) Expedia, Inc. Announces Final Results of Modified “Dutch Auction" Tender Offer BELLEVUE, Washington, August 15, 2007 — Expedia, Inc. (NASDAQ: EXPE) today announced the final results of its modified “Dutch auction” tender offer for up to 25 million shares of its common stock, which expired at 5:00 p.m., New York City time, on August 8, 2007. Expedia has accepted for purchase 25,000,003 shares of its co...
mechanism = DUTCHEX-99.(A)(5)(J) 2 v32700a6exv99wxayx5yxjy.htm EXHIBIT 99.(A)(5)(J) exv99wxayx5yxjy Exhibit (a)(5)(J) Expedia, Inc. Announces Preliminary Results of Modified “Dutch Auction” Tender Offer BELLEVUE, Washington, August 9, 2007 — Expedia, Inc. (NASDAQ: EXPE) today announced the preliminary results of its modified “Dutch auction” tender offer for up to 25 million shares of its common stock, which expired at 5:00 p.m., New York City time, on August 8, 2007. Based on a preliminary count by the depositary for the t...
must_tender_all = True...any of the holder’s shares are purchased in the tender offer (for which the condition was not initially satisfied) by random lot, to the extent feasible. To be eligible for purchase by random lot, stockholders whose shares are conditionally tendered must have tendered all of their shares. We may not purchase all of the shares tendered pursuant to the tender offer even if the shares are tendered at or below the purchase price. See Section 1, Section 5 and Section 6, respectively, for additional information concerning priority, proration and conditional tender procedures. Section 15 of this offer to purchase describes the...
must_tender_all = True...any of the holder’s shares are purchased in the tender offer (for which the condition was not initially satisfied) by random lot, to the extent feasible. To be eligible for purchase by random lot, stockholders whose shares are conditionally tendered must have tendered all of their shares. What are the conditions to the amended tender offer? Except for the receipt of necessary financing and receipt of a solvency opinion, which are no longer conditions to the tender offer, all of the conditions to the tender offer set forth in “The Tender Offer — Section 7” in the offer to purchase remain conditions to the amended tender o...
price = USD 27.5-30.0...s. 9. Source and Amount of Funds. The tender offer is subject to the receipt of financing by Expedia. Assuming that 116,666,665 shares are purchased in the tender offer at a price between $27.50 and $30.00 per share, the aggregate purchase price will be between approximately $3.2 billion and $3.5 billion. Expedia anticipates that it will obtain all of the funds necessary to purchase shares tendered in the tender offer, and to pay r...
price = USD 29.0...million shares of its common stock, which expired at 5:00 p.m., New York City time, on August 8, 2007. Expedia has accepted for purchase 25,000,003 shares of its common stock at a purchase price of $29.00 per share, including “odd lots” properly tendered and not properly withdrawn at or below the $29.00 per share purchase price, for a total cost of approximately $725 million, excluding fees and expenses relating to the tender offe...
price = USD 27.5-30.0...ition that Expedia have received a satisfactory solvency opinion. How will Expedia pay for the shares? Assuming that 25,000,000 shares are purchased in the tender offer at a price between $27.50 and $30.00 per share, the aggregate purchase price will be between $687.5 million and $750.0 million. Expedia currently expects to fund the purchase of shares under the tender offer and to pay related expenses through available borrowing ca...
price = USD 29.0...g 12,788,252 shares that were tendered through notice of guaranteed delivery. Based on the preliminary results, Expedia expects to acquire 25 million properly tendered shares at a purchase price of $29.00 per share, for a total cost of approximately $725 million, excluding fees and expenses relating to the tender offer. These shares represent approximately 8.9% of the shares of common stock outstanding and approximately 8.2% of th...
threshold = 100...“odd lots” (lots held by owners of less than 100 shares), which we will purchase on a priority basis as described in the immediately following paragraph and except for shares that were conditionally tendered and for which the condition was not satisfied. If I own fewer than 100 shares and I tender all of my shares, will I be subject to proration? If you own beneficially or of record fewer than 100 shares in the aggregate, you properly tender all of these shares at or below the purchase price before the tender offer expires and you complete the section entitled “Odd Lots” in the letter of transmittal, we will purchase...
txn_type = TENDER_OFFEREX-99.(A)(1)(A) 2 v31477orexv99wxayx1yxay.htm EXHIBIT 99.(A)(1)(A) exv99wxayx1yxay Table of Contents Exhibit (a)(1)(A) OFFER TO PURCHASE FOR CASH Up to 116,666,665 Shares of its Common Stock At a Purchase Price Not Greater Than $30.00 Nor Less Than $27.50 Per Share by Expedia, Inc. THE TENDER OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON WEDNESDAY, AUGUST 8, 2007, UNLESS EXPEDIA EXTENDS THE TENDER OFFER. Expedia, Inc., a De...
txn_type = TENDER_OFFEREX-99.(A)(5)(K) 2 v33053a7exv99wxayx5yxky.htm EXHIBIT 99.(A)(5)(K) exv99wxayx5yxky Exhibit (a)(5)(K) Expedia, Inc. Announces Final Results of Modified “Dutch Auction" Tender Offer BELLEVUE, Washington, August 15, 2007 — Expedia, Inc. (NASDAQ: EXPE) today announced the final results of its modified “Dutch auction” tender offer for up to 25 million shares of its common stock, which expired at 5:00 p.m., New York City time, on August 8, 2007. Expedia has accepted for purchase 25,000,003 shares of its common stock at...
txn_type = TENDER_OFFEREX-99.(A)(1)(H) 2 v31477a3exv99wxayx1yxhy.htm EXHIBIT 99.(A)(1)(H) exv99wxayx1yxhy Exhibit (a)(1)(H) SUPPLEMENT DATED JULY 25, 2007 TO THE OFFER TO PURCHASE DATED JUNE 29, 2007 Expedia, Inc. Has Amended its Offer to Purchase for Cash And is Now Offering to Purchase Up to 25,000,000 Shares of its Common Stock At a Purchase Price Not Greater Than $30.00 Nor Less Than $27.50 Per Share THE TENDER OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON WEDNE...
txn_type = TENDER_OFFEREX-99.(A)(5)(J) 2 v32700a6exv99wxayx5yxjy.htm EXHIBIT 99.(A)(5)(J) exv99wxayx5yxjy Exhibit (a)(5)(J) Expedia, Inc. Announces Preliminary Results of Modified “Dutch Auction” Tender Offer BELLEVUE, Washington, August 9, 2007 — Expedia, Inc. (NASDAQ: EXPE) today announced the preliminary results of its modified “Dutch auction” tender offer for up to 25 million shares of its common stock, which expired at 5:00 p.m., New York City time, on August 8, 2007. Based on a preliminary count by the depositary for the tender offer, a...
accepted = 25000003...nnounced the final results of its modified “Dutch auction” tender offer for up to 25 million shares of its common stock, which expired at 5:00 p.m., New York City time, on August 8, 2007. Expedia has accepted for purchase 25,000,003 shares of its common stock at a purchase price of $29.00 per share, including “odd lots” properly tendered and not properly withdrawn at or below the $29.00 per share purchase price, for a total cost of approximately $725 million, excluding fees and expenses relating to the tender offe...
expired_on = 2007-08-08...LEVUE, Washington, August 15, 2007 — Expedia, Inc. (NASDAQ: EXPE) today announced the final results of its modified “Dutch auction” tender offer for up to 25 million shares of its common stock, which expired at 5:00 p.m., New York City time, on August 8, 2007. Expedia has accepted for purchase 25,000,003 shares of its common stock at a purchase price of $29.00 per share, including “odd lots” properly tendered and not properly withdrawn at or below the $29.00 per share purchase price, for a total cost of approximately $725 million, ex...
final_price = 29.0...ender offer for up to 25 million shares of its common stock, which expired at 5:00 p.m., New York City time, on August 8, 2007. Expedia has accepted for purchase 25,000,003 shares of its common stock at a purchase price of $29.00 per share, including “odd lots” properly tendered and not properly withdrawn at or below the $29.00 per share purchase price, for a total cost of approximately $725 million, excluding fees and expenses relating to the tender offer. Expedia is borrowing $500 million under its existing cred...
proration_pct = 84.2385...l shares in accordance with applicable securities laws, to permit proper rounding in the calculation of the proration factor. Expedia has been informed by the depositary for the tender offer that the final proration factor for the tender offer is 84.2385%. Based on the final count by the depositary for the tender offer (and excluding any conditional tenders that were not accepted due to the specified condition not being satisfied), 29,725,349 shares of common stock were properly tendered and not properly withdrawn at prices at or...
tendered = 29725349...r offer is 84.2385%. Based on the final count by the depositary for the tender offer (and excluding any conditional tenders that were not accepted due to the specified condition not being satisfied), 29,725,349 shares of common stock were properly tendered and not properly withdrawn at prices at or below the purchase price of $29.00. The depositary will promptly issue payment for the shares accepted for purchase in the tender offer. Any shares properly tendered and not withdrawn, but not purchased due to proration or conditional t...

The filings

FiledFormRoleOn EDGAR
2007-06-29SC TO-Ioriginal (governing)View
2007-07-25SC TO-I/AamendmentView
2007-08-09SC TO-I/AamendmentView
2007-08-15SC TO-I/AamendmentView