Genpact LTD G
Terms unclear
Unclear — read the filing yourself
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 |
|---|---|
| Closing date | 2014-04-02 |
| How it is priced | Dutch auction |
| Odd-lot threshold | Fewer than 100 shares |
| Must tender everything you hold | Yes |
| Must tick the odd-lot box on the form | Yes |
| Price offered | USD $18.00 per share |
| Most an odd-lot tender could be | $1,782.00 |
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...ce. See Section 1. 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 those shares before the Offer expires, you complete the Section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery and the price at which you tendered your Shares is at or below the Final Purchase Price, we will purchase all of your shares without subjecting them to the proration procedure. See Section 1. Has the Company or its Board of Directors adopted a position on the Offer? Our Board of Di...
expiry = 2014-04-02...hase Price, Shares having an aggregate value of less than $300 million are properly tendered and not properly withdrawn, we will buy all Shares properly tendered and not properly withdrawn. The term “Expiration Date” means 12:00 Midnight, New York City time, at the end of the day of Wednesday, April 2, 2014, unless and until we, in our sole discretion in accordance with applicable law, shall have extended the period of time during which the Offer will remain open, in which event the term “Expiration Date” shall refer to the latest time and da...
listed = True...ed above will be final and binding on all parties, subject to a holder challenging our determination in a court of competent jurisdiction and such court issuing a judgment to the contrary. See Section 14. 26 8. Price Range of the Shares; Dividends. The Shares are traded on The New York Stock Exchange under the symbol “G”. The following table sets forth, for each of the periods indicated, the high and low sales prices per Share as reported by The New York Stock Exchange based on published financial sources. High Low Year Ended December 31, 2012: First Quarter $ 16.57 $ 14.45 Second Quarter $ 16.77 $ 15.01 Third Quarter $ 18.66 $ 16.37...
mechanism = DUTCH...their names and tender their shares directly to the Depositary and whose shares are purchased pursuant to the Offer will avoid any applicable odd lot discounts that might otherwise be payable on sales of their shares. See Sections 1 and 2. We believe that the modified “Dutch auction” tender offer described in this Offer to Purchase represents an efficient mechanism for Genpact to provide our shareholders with the opportunity to tender all or a portion of their Shares and, thereby, potentially receive a return of some or all of their investment. In addition, if we complete the Offer, shareholders who do not participa...
must_tender_all = True...r of Transmittal. Tendering shareholders should be aware that this election could mean that none of their Shares will be purchased if they check a box other than the box representing the price at or below the Final Purchase Price. In addition, odd lot holders who tender all of their Shares must complete the section entitled “Odd Lots” in the Letter of Transmittal to qualify for the preferential treatment available to odd lot holders as set forth in Section 1. Shareholders holding their Shares through a broker, dealer, commercial bank, trust company or other nominee must contact the nominee in order to tender their Shares....
price = USD 18.0...2% of the outstanding Shares without amending or extending the Offer. See Sections 1, 3 and 4. As of February 28, 2014, we had 231,716,562 Shares outstanding. At the maximum Final Purchase Price of $18.00 per Share, we could purchase 16,666,666 Shares (with the ability in accordance with SEC rules to increase the value of Shares purchased in the Offer and thereby increase the number of Shares accepted for payment in the Offer by n...
threshold = 100...ing provisions will apply to the greater value. Odd Lots. For purposes of the Offer, the term “odd lots” means all Shares properly tendered at prices at or below the Final Purchase Price held by a shareholder who owns beneficially or of record an aggregate of fewer than 100 Shares, which we refer to as an “odd lot holder,” and so certifies in the appropriate place on the Letter of Transmittal and, if applicable, 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,...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 d686511dex99a1i.htm EX-99.(A)(1)(I) EX-99.(a)(1)(i) Exhibit (a)(1)(i) Offer to Purchase for Cash By GENPACT LIMITED Of Up to $300 million in Value of its Common Shares At a Purchase Price Not Greater than $18.00 per Share Nor Less Than $16.50 Per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, AT THE END OF THE DAY OF WEDNESDAY, APRIL 2, 2014, UNLESS THE OFFER IS EX...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2014-03-06 | SC TO-I | original (governing) | View |