Odd Lot Index

Liberty Global, Inc.

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 date2007-01-04
How it is pricedDutch auction
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formNot stated
Price offeredUSD $26.08 to $29.50 per share, in steps of $0.10
Most an odd-lot tender could be$2,581.92 to $2,920.50

How it finished

Everyone else69.0953%
Expired2007-01-04
Shares tendered7,343,671
Shares accepted5,084,746
Proration factor69.1%
Overall acceptance69.2%

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.

expiry = 2007-01-04...,246,590 SHARES OF ITS SERIES C COMMON STOCK, PAR VALUE $0.01 PER SHARE, AT A PURCHASE PRICE NOT GREATER THAN $28.59 NOR LESS THAN $25.27 PER SHARE THE OFFERS, PRORATION PERIODS AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON JANUARY 4, 2007, UNLESS THE TENDER OFFERS ARE EXTENDED. Liberty Global, Inc., a Delaware corporation, is offering to purchase, for cash, up to 5,084,746 shares of its Series A common stock, par value $0.01 per share, and up to 5,246,590 shares of its Seri...
listed = True...prices greater than the Series C purchase price. Shares tendered but not purchased in either tender offer will be returned to the tendering stockholders at our expense promptly after the expiration of such tender offer. The Series A shares and Series C shares trade on the Nasdaq Global Select Market under the symbols "LBTYA" and "LBTYK," respectively. On November 28, 2006, the last full trading day before the initial public announcement of the tender offers, the closing sale price on the Nasdaq Global Select Market for the Series A shares was $26.61 and the closing sale price for the Series C shares was $25.79....
mechanism = DUTCH...ns of this offer to purchase where you will find a more complete discussion. Who is offering to purchase my shares? Liberty Global, Inc. What will the purchase prices for the shares be? We are conducting the tender offers through a procedure commonly called a modified "Dutch Auction." This procedure allows you to select the price per share (in increments of $0.10) within a price range specified by us at which you are willing to sell your Series A shares and/or Series C shares. We will determine the purchase price that we will pay per Series A share promptly after the Series A tender offer expires. The Series A purch...
mechanism = DUTCH...inary Results of Dutch Auction Self-Tender Offers for Shares of Its Series A Common Stock and Series C Common Stock Denver, Colorado — January 5, 2007: Liberty Global, Inc. (“Liberty Global”) (NASDAQ: LBTYA, LBTYB, LBTYK) announced today the expiration of its modified dutch auction self-tender offers to purchase up to 5,084,746 shares of its Series A common stock and up to 5,246,590 shares of its Series C common stock. Both tender offers expired at 5:00 p.m., New York City time, on January 4, 2007. Based on the preliminary tabulation by the depositary, both tender offers were oversubscribed and the purchase price f...
mechanism = DUTCH...l Results of Dutch Auction Self-Tender Offers for Shares of Its Series A Common Stock and Series C Common Stock Denver, Colorado — January 10, 2007: Liberty Global, Inc. (“Liberty Global”) (NASDAQ: LBTYA, LBTYB, LBTYK) announced today the final results of its modified Dutch auction self-tender offers to purchase up to 5,084,746 shares of its Series A common stock and up to 5,246,590 shares of its Series C common stock, which expired at 5:00 p.m., New York City time, on January 4, 2007. Based on the final tabulation by the depositary for the tender offers the purchase price for the Series A tender offer is $29.50 pe...
must_tender_all = True...ll tenders by a particular taxpayer as a single lot, and will limit our purchase in each case to the designated minimum number of shares to be purchased. To be eligible for purchase by random lot, stockholders whose shares are conditionally tendered must have tendered all of their shares. 15 7. CERTAIN CONDITIONS OF THE TENDER OFFERS Notwithstanding any other provision of the tender offers, and in addition to (and not in limitation of) our rights to extend and/or amend either or both tender offers at any time, we will not be required to accept for payment, purchase or pay for any shares tendered, and may terminate a tend...
price = USD 26.08-29.5...o obtain current market quotations for their shares. 18 9. SOURCE AND AMOUNT OF FUNDS Assuming that 5,084,746 Series A shares are purchased in the Series A tender offer at a price between $26.08 and $29.50 per share, the aggregate purchase price for the Series A shares purchased in the Series A tender offer will be between $132,610,176 and $150,000,007. Assuming that 5,246,590 Series C shares are purchased in the Series C tender of...
threshold = 100...eries C shares. Because of the "odd lot" priority, proration and conditional tender provisions described above, we may not purchase all of the Series C shares that you tender even if you tender them at or below the Series C purchase price. See Section 1. If I own fewer than 100 shares of either or both series of common stock subject to the tender offers and I tender all of my shares, will I be subject to proration? If you beneficially own fewer than 100 shares of Series A common stock, in the aggregate, you properly tender all of these shares at or below the Series A purchase price and do not properly withdraw them pr...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 a2174928zex-99_a1i.htm EX-99(A)(1)(I) Use these links to rapidly review the document TABLE OF CONTENTS Exhibit 99(a)(1)(i) LIBERTY GLOBAL, INC. OFFER TO PURCHASE FOR CASH UP TO 5,084,746 SHARES OF ITS SERIES A COMMON STOCK, PAR VALUE $0.01 PER SHARE, AT A PURCHASE PRICE NOT GREATER THAN $29.50 NOR LESS THAN $26.08 PER SHARE AND OFFER TO PURCHASE FOR CASH UP TO 5,246,590 SHARES OF ITS SERIES C COMMON STOCK, PAR VALUE $0.01 PER SHARE, AT A PURCHASE PRICE NOT GREATER THAN $28.59 NOR LESS THAN $25.27...
txn_type = TENDER_OFFEREX-99.(A)(5)(III) 2 a07-1329_1ex99da5iii.htm EX-99 Exhibit 99.(a)(5)(iii) Liberty Global Announces Preliminary Results of Dutch Auction Self-Tender Offers for Shares of Its Series A Common Stock and Series C Common Stock Denver, Colorado — January 5, 2007: Liberty Global, Inc. (“Liberty Global”) (NASDAQ: LBTYA, LBTYB, LBTYK) announced today the expiration of its modified dutch auction self-tender offers to purchase up to 5,084,746 shares of its Series A common stock and up to 5,246,590 sh...
txn_type = TENDER_OFFEREX-99.(A)(5)(IV) 2 a07-1329_2ex99da5iv.htm EX-99 Exhibit 99.(a)(5)(iv) Liberty Global Announces Final Results of Dutch Auction Self-Tender Offers for Shares of Its Series A Common Stock and Series C Common Stock Denver, Colorado — January 10, 2007: Liberty Global, Inc. (“Liberty Global”) (NASDAQ: LBTYA, LBTYB, LBTYK) announced today the final results of its modified Dutch auction self-tender offers to purchase up to 5,084,746 shares of its Series A common stock and up to 5,246,59...
accepted = 5084746...price of $29.50 per Series A share and 8,637,715 shares of Series C common stock were properly tendered and not withdrawn at or below a purchase price of $28.59 per Series C share. Liberty Global has accepted for purchase 5,084,746 shares of its Series A common stock and 5,246,590 shares of its Series C common stock. The depositary has advised Liberty Global that the final proration factor was approximately 69.09528% for the Series A tender offer and approximately 60.569795% for the Series C tender offer. Any “od...
expired_on = 2007-01-04...today the final results of its modified Dutch auction self-tender offers to purchase up to 5,084,746 shares of its Series A common stock and up to 5,246,590 shares of its Series C common stock, which expired at 5:00 p.m., New York City time, on January 4, 2007. Based on the final tabulation by the depositary for the tender offers the purchase price for the Series A tender offer is $29.50 per share and the purchase price for the Series C tender offer is $28.59 per share, each of which purchase price represents the maximum of the respec...
proration_pct = 69.09528...s C share. Liberty Global has accepted for purchase 5,084,746 shares of its Series A common stock and 5,246,590 shares of its Series C common stock. The depositary has advised Liberty Global that the final proration factor was approximately 69.09528% for the Series A tender offer and approximately 60.569795% for the Series C tender offer. Any “odd lot” shares of Series A common stock or Series C common stock properly tendered and not withdrawn will not be subject to proration. The depositary will promptly issue payment for t...
tendered = 7343671...nder offer is $28.59 per share, each of which purchase price represents the maximum of the respective tender offer price ranges. Based on the final tabulation by the depositary for the tender offers, 7,343,671 shares of Series A common stock were properly tendered and not withdrawn at or below a purchase price of $29.50 per Series A share and 8,637,715 shares of Series C common stock were properly tendered and not withdrawn at or below a purchase price of $28.59 per Series C share. Liberty Global has accepted for purchase 5,084,746 shares...

The filings

FiledFormRoleOn EDGAR
2006-12-04SC TO-Ioriginal (governing)View
2007-01-05SC TO-I/AamendmentView
2007-01-10SC TO-I/AamendmentView