Odd Lot Index

MAXCO INC

Terms unclear

Unclear — read the filing yourself
StatusClosed
Closing date2007-05-31
How it is priced—
Odd-lot thresholdFewer than 99 shares
Must tender everything you holdNot stated
Must tick the odd-lot box on the formNot stated
Cleared at$7.50
Most an odd-lot tender could be$742.50

How it finished

Expired2007-05-31
Shares tendered4,396

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 = 2007-04-30...g price of the Shares for the month of February 2007 through the Record Date and a premium of approximately 27% over the March 23, 2007 closing price according to Nasdaq Stock Market data. THIS OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK TIME, ON APRIL 30, 2007 (THE "EXPIRATION DATE"), UNLESS EXTENDED OR EARLIER TERMINATED. WE MAY EXTEND OR TERMINATE THIS OFFER AT ANY TIME. If you are an eligible shareholder and would like to accept this Offer, you must tender all of your Shares in the manner des...
expiry = 2007-05-31...which incorporate by reference the information contained in the Offer to Purchase, are amended as follows: a) The Offer, which was scheduled to expire at 5:00 p.m., New York Time, on April 30, 2007, has been extended to 5:00 p.m., New York Time, on May 31, 2007, unless the Offer is further extended or earlier terminated. The Offer to Purchase and the Letter of Transmittal are amended in their entirety to replace all references to 5:00 p.m., New York time, on April 30, 2007 with 5:00 p.m., New Yor...
listed = True...ly thereafter, including internal costs. These estimates include our estimated costs in order to fully implement the requirement of Sarbanes-Oxley, particularly the provisions regarding internal control reports and documentation. 6 Will the Shares continue to trade on the Nasdaq SmallCap Market following the completion of the Offer? On the date of this Offer to Purchase, our Shares were traded on the Nasdaq SmallCap Market but we cannot predict whether this will continue. The Company received a NASDAQ Staff Determination dated February 27, 2007, indicating that in view of the February 1, 2007 sale of our wholly...
listed = True...an economical means for small holders of our Common Stock to sell their Shares without incurring any brokerage commissions. d) The: (i) answer to the thirteenth question (which question begins on page 6 of the Offer to Purchase), “Will the Shares continue to trade on the Nasdaq SmallCap Market following the completion of the Offer?” of the “Questions and Answers” section of the Offer to Purchase, (ii) fifth paragraph under the heading, “Plans After Completing the Offer” (which heading begins on page 14, and the fifth paragraph thereunder is on page 15, of the Offer to Purchase) of the “Special Factors - Effects...
mechanism = FIXED...e amended as follows: The Offer expired at 5:00 p.m. New York time, on May 31, 2007. Based on the final count by the Depository for the Offer, 4,396 shares of Common Stock were properly tendered. The Company will purchase all 4,396 shares of Common Stock at a purchase price of $7.50 per Share. The Company intends to terminate registration of its common stock, and its series three preferred stock, under the Securities Exchange Act of 1934, as amended, and become a non-reporting company as it has fewer than 300 holders of record of common stock, and no holders of record of series three preferred stock. Consequently, the Company...
price = USD 7.5...007. Based on the final count by the Depository for the Offer, 4,396 shares of Common Stock were properly tendered. The Company will purchase all 4,396 shares of Common Stock at a purchase price of $7.50 per Share. The Company intends to terminate registration of its common stock, and its series three preferred stock, under the Securities Exchange Act of 1934, as amended, and become a non-reporting company as it has fewer than 30...
threshold = 99...hip of Maxco’s stock. · Effects on Unaffiliated Shareholders. The effects of the Offer to an unaffiliated stockholder will vary based on whether or not the unaffiliated stockholder is cashed-out in the Offer. Cashed-Out Unaffiliated Stockholders. Unaffiliated Stockholders owning fewer than 99 Shares that decide to participate in the Offer will: - receive $7.50 in cash, without interest, per Share; - no longer have any common equity interest in Maxco and, therefore, will not participate in its future potential earnings or growth, if any; and - be required to pay federal and, if applicable, state and local income taxes on the cash amo...
txn_type = CONSOLIDATION...completion of the Offer could include dissolution and liquidation of Maxco. If the Offer does not result in the opportunity to become a private non-reporting company, it is possible the board would also consider a going private transaction effected through a reverse stock split or otherwise in order to reduce the costs associated with being a public company. In any event, we intend to continue efforts toward maximizing stockholder value and managing our outstanding liabilities. Certain Common Stock Transactions By the Company. Maxco has not purchased any shares of its Common Stock within the past two years. By...
txn_type = TENDER_OFFER...e "Schedule 13E-3") amends and supplements the Schedule 13E-3 filed by Maxco, Inc. (the "Company"), Max A. Coon and Eric L. Cross (the Company and Messrs. Cross and Coon collectively referred to as “Filing Persons”) on March 30, 2007 relating to the Company’s offer to purchase for cash (the "Offer") all shares of the Company's common stock (the "Shares" or "Common Stock"), held by shareholders that own 99 or fewer Shares as of the close of business on March 23, 2007. The Offer is being made pursuant to an offer to purchase (the "Offer to Purchase"), dated March 30, 2007, which has previously been attached to t...
txn_type = TENDER_OFFER...chedule 13E-3 filed by Maxco, Inc. (the "Company"), Max A. Coon and Eric L. Cross (the Company and Messrs. Cross and Coon collectively referred to as “Filing Persons”) on March 30, 2007, as amended and supplemented on April 27, 2007, relating to the Company’s offer to purchase for cash (the "Offer") all shares of the Company's common stock (the "Shares" or "Common Stock"), held by shareholders that own 99 or fewer Shares as of the close of business on March 23, 2007. The Offer, which expired on May 31, 2007, was made upon and subject to the conditions set forth in an offer to purchase (“Offer to Purchase”), an...
expired_on = 2007-05-31...iled to report the results of the Offer. Items 1 through 15 of the Schedule 13E-3, which incorporate by reference the information contained in the Offer to Purchase, are amended as follows: The Offer expired at 5:00 p.m. New York time, on May 31, 2007. Based on the final count by the Depository for the Offer, 4,396 shares of Common Stock were properly tendered. The Company will purchase all 4,396 shares of Common Stock at a purchase price of $7.50 per Share. The Company intends to terminate registration of its common stock, a...
final_price = 7.5...w York time, on May 31, 2007. Based on the final count by the Depository for the Offer, 4,396 shares of Common Stock were properly tendered. The Company will purchase all 4,396 shares of Common Stock at a purchase price of $7.50 per Share. The Company intends to terminate registration of its common stock, and its series three preferred stock, under the Securities Exchange Act of 1934, as amended, and become a non-reporting company as it has fewer than 300 holders of record of common stock, and no holders of recor...
tendered = 4396...ce the information contained in the Offer to Purchase, are amended as follows: The Offer expired at 5:00 p.m. New York time, on May 31, 2007. Based on the final count by the Depository for the Offer, 4,396 shares of Common Stock were properly tendered. The Company will purchase all 4,396 shares of Common Stock at a purchase price of $7.50 per Share. The Company intends to terminate registration of its common stock, and its series three preferred stock, under the Securities Exchange Act of 1934, as amended, and become a non-re...

The filings

FiledFormRoleOn EDGAR
2007-03-30SC 13E3original (governing)View
2007-04-27SC 13E3/AamendmentView
2007-06-07SC 13E3/AamendmentView