MARINE PRODUCTS CORP MPX
Terms unclear
Unclear — read the filing yourself
| Status | Closed |
|---|---|
| Closing date | 2016-11-01 |
| 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 | Not stated |
| Price offered | USD $9.64 per share |
| Cleared at | $9.00 |
| Most an odd-lot tender could be | $891.00 |
How it finished
| Shares tendered | 3,500,000 |
|---|
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 = 2016-11-01...- none - 2.8682868s TABLE OF CONTENTS Exhibit (a)(1)(A) OFFER TO PURCHASE FOR CASH 3.2 MILLION OF ITS OUTSTANDING COMMON SHARES AT A PURCHASE PRICE OF $9.00 PER SHARE THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON NOVEMBER 1, 2016, UNLESS THE OFFER IS EXTENDED OR TERMINATED (SUCH TIME, AS IT MAY BE EXTENDED, THE “EXPIRATION TIME”). Marine Products Corporation, a Delaware corporation (the “Company,” “MPC,” “we,” or “us”), is offering to purchase your shares of our co...
listed = True...o 3,500,000 shares, or 9.1% of the issued and outstanding shares of the Company. The Offer is not conditioned upon any minimum number of shares being tendered. The Offer is, however, subject to a number of other terms and conditions. See Section 7. Our shares are listed on The New York Stock Exchange (“NYSE”) and trade under the symbol “MPX.” The closing price of our common stock on the NYSE on Tuesday, August 16, 2016, the last full trading day before the announcement on August 17, 2016 to make the tender offer, was $8.50 per share. On August 19, 2016 the reported closing price of our shares on the NYSE was $8.94 per share. You are...
mechanism = FIXEDEX-99.A1A 2 t1602048-ex_a1a.htm EXHIBIT 99.(A)(1)(A) t1602048-scto_DIV_10-ex_a1a - none - 2.8682868s TABLE OF CONTENTS Exhibit (a)(1)(A) OFFER TO PURCHASE FOR CASH 3.2 MILLION OF ITS OUTSTANDING COMMON SHARES AT A PURCHASE PRICE OF $9.00 PER SHARE THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON NOVEMBER 1, 2016, UNLESS THE OFFER IS EXTENDED OR TERMINATED (SUCH TIME, AS IT MAY BE EXTENDED, THE “EXPIRATION TIME”). Marine Products Corporation, a Delaware corporation (the “Company,” “MPC,” “we,” or “us”), is offering to purchase your shares of our com...
mechanism = FIXED...ares of Company common stock were properly tendered and not withdrawn and not excluded because tendered conditionally. The Company accepted for purchase 3.5 million shares of its common stock, including all “odd lots” of one share only properly tendered, at a purchase price of $9.64 per share, for an aggregate cost of $33,740,000, excluding fees and expenses relating to the tender offer. The Company is calculating its proration factor and will issue a press release to announce the proration results as soon as these results become available. The Depositary will promptly issue payment for the shares validly tendered and accepte...
must_tender_all = True...(and not validly withdrawn prior to the Expiration Time) and for which the condition was not initially satisfied, to the extent feasible, by random lot (to be eligible for purchase by random lot, shareholders whose shares are conditionally tendered must have tendered all of their shares). See Sections 1 and 6. If I own fewer than 100 shares and I tender all of my shares, will I be subject to proration? If you own, beneficially or of record, fewer than 100 shares in the aggregate, you validly tender all of these shares prior to the Expiration Time (and do not validly withdraw such shares) and all conditions to the Offe...
price = USD 9.0...IBIT 99.(A)(1)(A) t1602048-scto_DIV_10-ex_a1a - none - 2.8682868s TABLE OF CONTENTS Exhibit (a)(1)(A) OFFER TO PURCHASE FOR CASH 3.2 MILLION OF ITS OUTSTANDING COMMON SHARES AT A PURCHASE PRICE OF $9.00 PER SHARE THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON NOVEMBER 1, 2016, UNLESS THE OFFER IS EXTENDED OR TERMINATED (SUCH TIME, AS IT MAY BE EXTENDED, THE “EXPIRATION TIME”). Marine Products C...
price = USD 9.64...cluded because tendered conditionally. The Company accepted for purchase 3.5 million shares of its common stock, including all “odd lots” of one share only properly tendered, at a purchase price of $9.64 per share, for an aggregate cost of $33,740,000, excluding fees and expenses relating to the tender offer. The Company is calculating its proration factor and will issue a press release to announce the proration results as soon a...
threshold = 100...d for which the condition was not initially satisfied, to the extent feasible, by random lot (to be eligible for purchase by random lot, shareholders whose shares are conditionally tendered must have tendered all of their shares). See Sections 1 and 6. If I own fewer than 100 shares and I tender all of my shares, will I be subject to proration? If you own, beneficially or of record, fewer than 100 shares in the aggregate, you validly tender all of these shares prior to the Expiration Time (and do not validly withdraw such shares) and all conditions to the Offer are satisfied or waived, you will be subject to prorati...
txn_type = TENDER_OFFEREX-99.A1A 2 t1602048-ex_a1a.htm EXHIBIT 99.(A)(1)(A) t1602048-scto_DIV_10-ex_a1a - none - 2.8682868s TABLE OF CONTENTS Exhibit (a)(1)(A) OFFER TO PURCHASE FOR CASH 3.2 MILLION OF ITS OUTSTANDING COMMON SHARES AT A PURCHASE PRICE OF $9.00 PER SHARE THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON NOVEMBER 1, 2016, UNLESS THE OFFER IS EXTENDED OR TERMINATED (SUCH TIME, AS IT MAY BE EXTENDED, THE “EXPIRATION TIME”). Marine Products Corporation, a Delaware corp...
txn_type = TENDER_OFFER...bit (a)(5)(E) Marine Products Corporation Announces Final Results of Tender Offer ATLANTA, November 14, 2016 – Marine Products Corporation (NYSE: MPX) (the “Company”), a leading manufacturer of fiberglass boats, today announced the final results of its tender offer to purchase up to 3.5 million shares of its common stock at a price per share of $9.64 which expired at 12:00 midnight, New York City time, on Friday, November 11, 2016. Based on the tabulation by American Stock Transfer, the Depositary for the tender offer, approximately 7.8 million shares of Company common stock were properly tendered and not with...
final_price = 9.0...2 t1602048-ex_a1a.htm EXHIBIT 99.(A)(1)(A) t1602048-scto_DIV_10-ex_a1a - none - 2.8682868s TABLE OF CONTENTS Exhibit (a)(1)(A) OFFER TO PURCHASE FOR CASH 3.2 MILLION OF ITS OUTSTANDING COMMON SHARES AT A PURCHASE PRICE OF $9.00 PER SHARE THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON NOVEMBER 1, 2016, UNLESS THE OFFER IS EXTENDED OR TERMINATED (SUCH TIME, AS IT MAY BE EXTENDED, THE “EXPIRATION TIME”). Marine Products Corporation, a Delaware corporation (the “Company,” “MPC,” “w...
tendered = 3500000...ittal and without extending the Expiration Time. Only shares properly tendered and not properly withdrawn will be purchased. If the number of shares properly tendered is less than 3,200,000 (or up to 3,500,000 shares if we increase the size of the Offer), we will purchase all of the shares properly tendered. If the number of shares tendered is more than 3,200,000 (or more than up to 3,500,000 shares if we increase the size of the Offer), we will purchase 3,200,000 (or up to 3,500,000 shares if we increase the size of the Offer) shares in the aggregate, on a pro rata basis from all...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2016-08-26 | SC TO-I | original (governing) | View |
| 2016-11-14 | SC TO-I/A | amendment | View |