Odd Lot Index

JARDEN CORP

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.
StatusClosed
Closing date2012-03-05
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
Price offeredUSD $30.00 to $33.00 per share
Most an odd-lot tender could be$2,970.00 to $3,267.00

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...ders 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. Stockholders holding their Shares through a broker, dealer, commercial bank, trust company or other nominee must contact the nominee in order to tender their Shares. Stockholders who hold Shares through nominees are urged to consult their no...
expiry = 2012-02-23...N Up to $500 Million in Value of Shares of Its Common Stock At a Cash Purchase Price Not Greater than $33.00 per Share Nor Less than $30.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, ON THURSDAY, FEBRUARY 23, 2012, UNLESS THE OFFER IS EXTENDED (SUCH DATE AND TIME, AS THEY MAY BE EXTENDED, THE “EXPIRATION DATE”) Jarden Corporation, a Delaware corporation (the “Company,” “Jarden,” “we,” “us” or “our”), invites our stockholders to tender up to $500 mil...
expiry = 2012-03-05...Cash Purchase Price to Not Greater than $36.00 per Share Nor Less than $32.00 per Share for Up to $500 Million in Value of Shares of Its Common Stock THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, ON MONDAY, MARCH 5, 2012, UNLESS THE OFFER IS EXTENDED (SUCH DATE AND TIME, AS THEY MAY BE EXTENDED, THE “EXPIRATION DATE”) On January 26, 2012, Jarden Corporation, a Delaware corporation (the “Company,” “Jarden,” “we,” “us” or “our”), distributed an offer to purc...
listed = True...ares as of January 24, 2012. Table of Contents THE OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING TENDERED. THE OFFER IS, HOWEVER, SUBJECT TO CERTAIN OTHER CONDITIONS, INCLUDING THE FINANCING CONDITION. SEE SECTION 7. The Shares are listed and traded on the New York Stock Exchange (the “NYSE”) under the symbol “JAH.” We announced our intention to make the Offer, at a price not greater than $33.00 nor less than $30.00 per share, on January 24, 2012 prior to the open of the market. On January 23, 2012, the last reported sale price of the Shares was $30.71 per Share, and the average closing price was $30.69 over the preceding t...
listed = True...New York City time, on Monday, March 5, 2012. THE OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING TENDERED. THE OFFER IS, HOWEVER, SUBJECT TO CERTAIN OTHER CONDITIONS, INCLUDING THE FINANCING CONDITION. SEE SECTION 7. The Shares are listed and traded on the New York Stock Exchange (the “NYSE”) under the symbol “JAH.” We announced our intention to make the Offer, at a price not greater than $33.00 nor less than $30.00 per Share, on January 24, 2012 prior to market open. On January 24, 2012, which was the last full trading day prior to the commencement of the Offer, the last reported sale price of the Shares was $33.79 per Sha...
mechanism = DUTCH...2% of the outstanding shares, or approximately 1.8 million additional shares, without extending the Expiration Date of the Offer. See Section 1. What is the purpose of the Offer? We believe that investing in our own Shares within our price range, through this modified “Dutch auction” tender offer, is an appropriate use of capital and an efficient and effective means to provide long-term value to our stockholders. In addition, we believe that this tender offer is a prudent use of our financial resources given our business profile, strategic position, cash flow, capital structure and the current market price of the Sh...
mechanism = DUTCH...mittal”) in connection with its invitation to stockholders to tender up to $500 million in value of shares of our common stock, $0.01 par value per share (the “Shares”), for purchase by us at a price not greater than $33.00 nor less than $30.00 per Share in a modified “Dutch auction” tender offer. The Company, by this supplement (this “Supplement,” and together with the Original Offer to Purchase, as the same may be further amended or supplemented from time to time, the “Offer to Purchase”), amends the Original Offer to Purchase as follows. Each reference in the Original Offer to Purchase to the maximum purchase pri...
must_tender_all = True...r of Transmittal. Tendering stockholders 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. Stockholders 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 30.0-33.0...ommonly called a modified “Dutch auction.” This procedure allows you to select the price, within the price range specified by us, at which you are willing to sell your Shares. The price range for the Offer is $30.00 to $33.00 per Share. See Section 1. We will select the single lowest purchase price, not greater than $33.00 nor less than $30.00 per Share, that will allow us to purchase $500 million in value of Shares at such price, based on t...
price = USD 32.0-36.0...ommonly called a modified “Dutch auction.” This procedure allows you to select the price, within the price range specified by us, at which you are willing to sell your Shares. The price range for the Offer is $32.00 to $36.00 per Share. See Section 1. We will select the single lowest purchase price, not greater than $36.00 nor less than $32.00 per Share, that will allow us to purchase $500 million in value of Shares at such price, based on t...
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 stockholder who owns beneficially or of record an aggregate of fewer than 100 Shares which we refer to as an “odd lot holder,” and so certified in the appropriate place on the Letter of Transmittal and, if applicable, on the Notice of Guaranteed Delivery. To qualify for this odd lot 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 f...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 d289250dex99a1i.htm OFFER TO PURCHASE, DATED JANUARY 26, 2012 Offer to Purchase, dated January 26, 2012 Table of Contents Exhibit (a)(1)(i) Offer to Purchase by JARDEN CORPORATION Up to $500 Million in Value of Shares of Its Common Stock At a Cash Purchase Price Not Greater than $33.00 per Share Nor Less than $30.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS...
txn_type = TENDER_OFFEREX-99.(A)(1)(VI) 2 d303754dex99a1vi.htm SUPPLEMENT TO THE OFFER TO PURCHASE Supplement to the Offer to Purchase Exhibit (a)(1)(vi) Supplement to the Offer to Purchase by JARDEN CORPORATION to Increase the Cash Purchase Price to Not Greater than $36.00 per Share Nor Less than $32.00 per Share for Up to $500 Million in Value of Shares of Its Common Stock THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIR...

The filings

FiledFormRoleOn EDGAR
2012-01-26SC TO-Ioriginal (governing)View
2012-02-21SC TO-I/AamendmentView