MANNATECH INC MTEX
Odd lots go first
Read automatically from the filing
| Status | Closed |
|---|---|
| Closing date | 2021-06-25 |
| How it is priced | Fixed price |
| 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 $26.00 per share |
| Most an odd-lot tender could be | $2,574.00 |
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...and I tender all of my Shares, will I be subject to proration? If you own, beneficially or of record, fewer than an aggregate of 100 Shares, you properly tender all of such Shares prior to the Expiration Date (and do not properly withdraw such Shares) and you complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery (such shareholder an “Odd Lot Holder”), and all conditions to the tender offer are satisfied or waived, your Shares will not be subject to proration (the “Odd Lot Priority”). See Section 1. In what order will you purchase the tendered Shares? We will purchase Shares on the followin...
expiry = 2021-06-25...nd subject to the conditions of the Offer, if less than 211,538 Shares are properly tendered and not properly withdrawn, we will buy all Shares properly tendered and not properly withdrawn.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 Friday, June 25, 2021, unless and until we, in our sole discretion, 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 date at which the Offer, as so exten...
listed = True...ximately 10.25% of our issued and outstanding Shares. THE OFFER IS NOT CONDITIONED ON THE RECEIPT OF FINANCING OR ANY MINIMUM NUMBER OF SHARES BEING TENDERED. THE OFFER IS, HOWEVER, SUBJECT TO CERTAIN OTHER CONDITIONS. SEE SECTION 7. The Shares are listed and traded on The Nasdaq Global Select Market (“Nasdaq”) under the symbol “MTEX.” On May 26, 2021, two trading days prior to the commencement of the Offer, the last reported sale price of the Shares was $19.84 per Share. Shareholders are urged to obtain current market quotations for the Shares before deciding whether to participate in the Offer. See Section 8. OUR BOARD OF DIRECTORS HAS AUTH...
mechanism = FIXEDEX-99.(A)(1)(I) 2 a1ioffertopurchase2021.htm EX-99.(A)(1)(I) Document Offer to Purchase by Mannatech, Incorporated Up to 211,538 Shares of Its Common Stock At a Cash Purchase Price of $26.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, AT THE END OF FRIDAY, JUNE 25, 2021, UNLESS THE OFFER IS EXTENDED (SUCH DATE AND TIME, AS THEY MAY BE EXTENDED, THE “EXPIRATION DATE”). Mannatech, Incorporated, a Texas corporation (the “Company,” “Mannatech,” “we,” “us” or “our”), invite...
must_tender_all = True...e satisfied or waived, your Shares will not be subject to proration (the “Odd Lot Priority”). See Section 1. In what order will you purchase the tendered Shares? We will purchase Shares on the following basis: •first, we will purchase from all Odd Lot Holders who properly tender all of their Shares and do not properly withdraw them prior to the Expiration Date; •second, subject to the conditional tender provisions described in Section 6 (whereby a holder may specify a minimum number of such holder's Shares that must be purchased if any such Shares are purchased), we will purchase all Shares properly tendered and not properly withdr...
price = USD 26.0EX-99.(A)(1)(I) 2 a1ioffertopurchase2021.htm EX-99.(A)(1)(I) Document Offer to Purchase by Mannatech, Incorporated Up to 211,538 Shares of Its Common Stock At a Cash Purchase Price of $26.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, AT THE END OF FRIDAY, JUNE 25, 2021, UNLESS THE OFFER IS EXTENDED (SUCH DATE AND TIME, AS THEY MAY BE EXTENDED, THE “E...
priority = True...s are urged to obtain current market quotations for the Shares before deciding whether to tender their Shares. See Section 8. If the Offer is over-subscribed as described below, Shares properly tendered and not properly withdrawn will be subject to proration (subject to Odd Lot Priority). Except as described herein, the withdrawal rights expire at the Expiration Date. Our principal executive offices are located at 1410 Lakeside Parkway, Suite 200, Flower Mound, Texas 75028 and our telephone number is (972) 471-7400. 11 THE OFFER 1. Number of Shares; Proration. Upon the terms and subject to the conditions of the Offer, w...
threshold = 100...rly withdrawn. As we noted above, we may elect to purchase more than an aggregate of 211,538 Shares in the Offer, subject to applicable law. If we do so, the preceding provisions will apply to the greater number of Shares as we may elect. Odd Lots. Any person who owns, beneficially or of record, a total of fewer than 100 Shares and so certifies in the appropriate place on the Letter of Transmittal and, if applicable, the Notice of Guaranteed Delivery (“Odd Lot Holder”), will have their Shares accepted for payment before any proration of or purchase of any other tendered Shares (the “Odd Lot Priority”). To qualify for the Odd Lot Priority, an Odd Lot Holder must...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 a1ioffertopurchase2021.htm EX-99.(A)(1)(I) Document Offer to Purchase by Mannatech, Incorporated Up to 211,538 Shares of Its Common Stock At a Cash Purchase Price of $26.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, AT THE END OF FRIDAY, JUNE 25, 2021, UNLESS THE OFFER IS EXTENDED (SUCH DATE AND TIME, AS THEY MAY BE EXTENDED, THE “EXPIRATI...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2021-05-28 | SC TO-I | original (governing) | View |