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.
| Status | Closed |
|---|---|
| Closing date | 2007-04-03 |
| 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 | Not stated |
| Price offered | USD $28.20 to $31.00 per share, in steps of $0.10 |
| Most an odd-lot tender could be | $2,791.80 to $3,069.00 |
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.
expiry = 2007-04-03...,517,888 SHARES OF ITS SERIES C COMMON STOCK, PAR VALUE $0.01 PER SHARE, AT A PURCHASE PRICE NOT GREATER THAN $29.35 NOR LESS THAN $26.65 PER SHARE THE OFFERS, PRORATION PERIODS AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON APRIL 3, 2007, UNLESS THE OFFERS ARE EXTENDED. Liberty Global, Inc., a Delaware corporation, is offering to purchase, for cash, up to 8,064,516 shares of its Series A common stock, par value $0.01 per share, and up to 8,517,888 shares of its Series C co...
expiry = 2007-04-03...,517,888 SHARES OF ITS SERIES C COMMON STOCK, PAR VALUE $0.01 PER SHARE, AT A PURCHASE PRICE NOT GREATER THAN $29.35 NOR LESS THAN $26.65 PER SHARE THE OFFERS, PRORATION PERIODS AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON APRIL 3, 2007, UNLESS THE OFFERS ARE EXTENDED. Liberty Global, Inc., a Delaware corporation, is offering to purchase, for cash, up to 8,064,516 shares of its Series A common stock, par value $0.01 per share, and up to 8,517,888 shares of its Series C co...
expiry = 2007-04-03...urchase and the amended letters of transmittal, each as amended and as each may be further amended or supplemented from time to time, constitute the tender offers. The tender offers were scheduled to expire at 5:00 p.m. New York City time, on April 3, 2007. We have extended the expiration of the tender offers to 5:00 p.m., New York City time, on Thursday, April 19, 2007. We have decreased the number of Series A shares we are seeking to up to 7,142,857 shares of Series A common stock and incr...
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 February 28, 2007, 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 $28.79 and the closing sale price for the Series C shares was $27.26....
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 February 28, 2007, 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 $28.79 and the closing sale price for the Series C shares was $27.26....
listed = True...on of such tender offer. NEITHER TENDER OFFER IS CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING TENDERED. EACH TENDER OFFER IS, HOWEVER, SUBJECT TO CERTAIN CONDITIONS. SEE SECTION 7 OF THE ORIGINAL OFFER TO PURCHASE. The Series A shares and Series C shares trade on the Nasdaq Global Select Market under the symbols “LBTYA” and “LBTYK,” respectively. On April 2, 2007, the last full trading day before the announcement of the extension and the increase in purchase price of the tender offers, the closing sale price on the Nasdaq Global Select Market for the Series A shares was $33.34 and the closing sale price for...
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...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...GHTS HAVE BEEN EXTENDED AND WILL NOW EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON THURSDAY, APRIL 19, 2007, UNLESS THE TENDER OFFERS ARE FURTHER EXTENDED. On March 6, 2007, Liberty Global, Inc., a Delaware corporation, distributed documentation relating to its modified “Dutch Auction” tender offers, inviting its stockholders to tender up to 8,064,516 shares of its Series A common stock, par value $0.01 per share, for purchase at a price not greater than $31.00 nor less than $28.20 per share, and 8,517,888 shares of its Series C common stock, par value $0.01 per share, for purchase at a price not greater than $29.35 n...
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. 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 tender...
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. 7. 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 tender offer or...
price = USD 28.2-31.0...d to obtain current market quotations for their shares. 9. SOURCE AND AMOUNT OF FUNDS Assuming that 8,064,516 Series A shares are purchased in the Series A tender offer at a price between $28.20 and $31.00 per share, the aggregate purchase price for the Series A shares purchased in the Series A tender offer will be between $227,419,351 and $249,999,996. Assuming that 8,517,888 Series C shares are purchased in the Series C tender of...
price = USD 28.2-31.0...d to obtain current market quotations for their shares. 9. SOURCE AND AMOUNT OF FUNDS Assuming that 8,064,516 Series A shares are purchased in the Series A tender offer at a price between $28.20 and $31.00 per share, the aggregate purchase price for the Series A shares purchased in the Series A tender offer will be between $227,419,351 and $249,999,996. Assuming that 8,517,888 Series C shares are purchased in the Series C tender of...
threshold = 100...use 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. 2 Table of Contents 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...
threshold = 100...use 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. 2 Table of Contents 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 d43766exv99wxayx1yxiy.htm OFFER TO PURCHASE exv99wxayx1yxiy Table of Contents Exhibit (a)(1)(i) LIBERTY GLOBAL, INC. OFFER TO PURCHASE FOR CASH UP TO 8,064,516 SHARES OF ITS SERIES A COMMON STOCK, PAR VALUE $0.01 PER SHARE, AT A PURCHASE PRICE NOT GREATER THAN $31.00 NOR LESS THAN $28.20 PER SHARE AND OFFER TO PURCHASE FOR CASH UP TO 8,517,888 SHARES OF ITS SERIES C COMMON STOCK,...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 d44796a2exv99wxayx1yxiy.htm OFFER TO PURCHASE exv99wxayx1yxiy Table of Contents Exhibit (a)(1)(i) LIBERTY GLOBAL, INC. OFFER TO PURCHASE FOR CASH UP TO 8,064,516 SHARES OF ITS SERIES A COMMON STOCK, PAR VALUE $0.01 PER SHARE, AT A PURCHASE PRICE NOT GREATER THAN $31.00 NOR LESS THAN $28.20 PER SHARE AND OFFER TO PURCHASE FOR CASH UP TO 8,517,888 SHARES OF ITS SERIES C COMMON STOCK,...
txn_type = TENDER_OFFEREX-99.(A)(1)(XIII) 2 d45234a4exv99wxayx1yxxiiiy.htm SUPPLEMENT TO THE OFFER TO PURCHASE exv99wxayx1yxxiiiy Exhibit (a)(1)(xiii) Supplement to the Offer to Purchase dated March 6, 2007, as Amended and Restated March 30, 2007 by LIBERTY GLOBAL, INC. to Decrease the Number of Shares of its Series A Common Stock Sought to up to 7,142,857 Shares and to Increase the Purchase Price of its Series A Common Stock to Not Greater Than...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2007-03-06 | SC TO-I | original (governing) | View |
| 2007-03-30 | SC TO-I/A | amendment | View |
| 2007-04-05 | SC TO-I/A | amendment | View |