FIRST IPSWICH BANCORP /MA
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.
| Status | Closed (assumed) |
|---|---|
| Closing date | could not be read; last filing 2007-11-19 |
| 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...mpany offers to purchase a set number of shares for a certain period of time. - Basically, a tender offer is just a large share repurchase at a premium with a deadline. - Open to all shareholders. o There are several types of tender offers: odd-lot, fixed price, Dutch auction, etc. o A tender offer document must be mailed to shareholders setting forth the offer and its financial impact on the company. o No guaranty that shareholders will tender shares or tender all shares owned. o Oversubscription by large holders may result in few holders being eliminated. The desired reduction in the number of shareholders...
mechanism = DUTCH...mpany offers to purchase a set number of shares for a certain period of time. - Basically, a tender offer is just a large share repurchase at a premium with a deadline. - Open to all shareholders. o There are several types of tender offers: odd-lot, fixed price, Dutch auction, etc. o A tender offer document must be mailed to shareholders setting forth the offer and its financial impact on the company. o No guaranty that shareholders will tender shares or tender all shares owned. o Oversubscription by large holders may result in few holders being eliminated. The desired reduction in the number of shareholders...
mechanism = DUTCH...mpany offers to purchase a set number of shares for a certain period of time. - Basically, a tender offer is just a large share repurchase at a premium with a deadline. - Open to all shareholders. o There are several types of tender offers: odd-lot, fixed price, Dutch auction, etc. o A tender offer document must be mailed to shareholders setting forth the offer and its financial impact on the company. o No guaranty that shareholders will tender shares or tender all shares owned. o Oversubscription by large holders may result in few holders being eliminated. The desired reduction in the number of shareholders...
txn_type = CONSOLIDATION...Capital & Advisory, Inc. 5 EAST Strategic Alternatives Considered --------------------------------- Going Private ================================================================================ o Stock Repurchase Plan o Tender Offer - Traditional - Odd-lot o Reverse Stock Split o Cash Out Merger o Reclassification to a New Security NORTH Capital & Advisory, Inc. 6 EAST Going Private Overview ---------------------- Introduction ================================================================================ o In some cases, a bank with a low valuation and/or a limited trading volume may be deriving little benefi...
txn_type = CONSOLIDATION...Capital & Advisory, Inc. 5 EAST Strategic Alternatives Considered --------------------------------- Going Private ================================================================================ o Stock Repurchase Plan o Tender Offer - Traditional - Odd-lot o Reverse Stock Split o Cash Out Merger o Reclassification to a New Security NORTH Capital & Advisory, Inc. 6 EAST Going Private Overview ---------------------- Introduction ================================================================================ o In some cases, a bank with a low valuation and/or a limited trading volume may be deriving little benefi...
txn_type = CONSOLIDATION...Capital & Advisory, Inc. 5 EAST Strategic Alternatives Considered --------------------------------- Going Private ================================================================================ o Stock Repurchase Plan o Tender Offer - Traditional - Odd-lot o Reverse Stock Split o Cash Out Merger o Reclassification to a New Security NORTH Capital & Advisory, Inc. 6 EAST Going Private Overview ---------------------- Introduction ================================================================================ o In some cases, a bank with a low valuation and/or a limited trading volume may be deriving little benefi...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2007-09-11 | SC 13E3 | original (governing) | View |
| 2007-11-05 | SC 13E3/A | amendment | View |
| 2007-11-19 | SC 13E3/A | amendment | View |