Malibu Boats, Inc. MBUU
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.
amendment with no indexed original - the original may predate the collection window or may not mention odd lots
| Status | Closed (assumed) |
|---|---|
| Closing date | could not be read; last filing 2015-04-10 |
| 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 |
| Price offered | USD $21.00 per share |
| Most an odd-lot tender could be | $2,079.00 |
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.
mechanism = DUTCHEX-99.A.5.B 2 d907742dex99a5b.htm EXHIBIT (A)(5)(B) Exhibit (a)(5)(B) Exhibit (a)(5)(B) Apr. 10, 2015 Malibu Boats, Inc. Announces Preliminary Results of Modified Dutch Auction Tender Offer Loudon, Tenn., April 10, 2015 (GLOBE NEWSWIRE) — Malibu Boats, Inc. (Nasdaq: MBUU) (“Malibu Boats” or the “Company”) today announced the preliminary results of its “modified Dutch auction” tender offer for the purchase for cash of up to $70.0 million of shares of its class A common stock, par value $0.01 per share (the “Clas...
price = USD 21.0...r the tender offer, a total of approximately 8.3 million Shares (including Shares underlying outstanding LLC Units) were validly tendered and not validly withdrawn at the expected purchase price of $21.00 per Share. In accordance with the terms and conditions of the tender offer and based on the preliminary count by the Depositary, the Company expects to acquire approximately 3.3 million Shares (including Shares underlying outstan...
txn_type = TENDER_OFFER...e anticipated price of $21.00 per Share, the Company will purchase only a prorated portion of the Shares (including Shares underlying outstanding LLC Units) tendered by each tendering shareholder, other than odd lot shareholders, as described in the Company’s Offer to Purchase, dated March 13, 2015, as amended. Based on the preliminary count, and accounting for the effect of odd lot priority on the proration factor, the Depositary has informed the Company that the preliminary proration factor for the tender offer is expected to be approximately 39.97% of Shares (including Shares underlying outstanding LLC Unit...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2015-04-10 | SC TO-I/A | amendment (governing) | View |