Odd Lot Index

MBT FINANCIAL CORP

Terms unclear

Unclear — read the filing yourself
StatusClosed
Closing date2003-12-04
How it is priced—
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formYes
Price offeredUSD $18.50 per share
Cleared at$18.50
Most an odd-lot tender could be$1,831.50

How it finished

Everyone else61.63%
Expired2003-12-04
Shares tendered2,646,758
Proration factor61.6%

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election_required = True...s properly tendered and not properly withdrawn by any "odd lot holder" (as defined below) who: - tenders all shares owned (beneficially or of record) by the odd lot holder (tenders of less than all the shares owned will not qualify for this preference); and - completes the section entitled "Odd Lots" in the letter of transmittal and, if applicable, in the notice of guaranteed delivery. - Second, after the purchase of all the shares properly tendered by odd lot holders and subject to the conditional tender procedures described under "-- Conditional Tender Procedures," all other shares properly tendered, on a pro rata basis with appropriate adjustments to avoid pu...
expiry = 2003-12-04...NCIAL CORP LOGO) MBT FINANCIAL CORP. 102 E. FRONT STREET MONROE, MICHIGAN 48161 OFFER TO PURCHASE UP TO 1,250,000 COMMON SHARES OF MBT FINANCIAL CORP. OUR OFFER AND YOUR RIGHT TO WITHDRAW YOUR SHARES WILL EXPIRE AT 5:00 P.M., EASTERN TIME, ON THURSDAY, DECEMBER 4, 2003, UNLESS THE OFFER IS EXTENDED. WE MAY EXTEND THE OFFER PERIOD AT ANY TIME. MBT FINANCIAL CORP. IS: - offering to purchase up to 1,250,000 of our common shares in a tender offer, and - offering to purchase these shares at a price of $18.50...
listed = True...and, if so, how many shares to tender. You should discuss whether to tender your shares with your broker or other financial or tax advisor. See "The Offer -- Purposes of and Reasons for the Offer." WHAT IS A RECENT MARKET PRICE OF MY SHARES? Our common stock is traded on the Nasdaq National Market System under the symbol "MBTF." On October 27, 2003, a date close to the date of this document, the last reported sales price of our common stock on the Nasdaq National Market was $15.729. We urge you to obtain more current market quotations for your shares. For trading information regarding the shares, you may call Howe Barnes Investments, Inc. toll...
mechanism = FIXED...g to the depositary, an aggregate of 2,646,758 shares were validly tendered, not withdrawn and available for purchase by the Company pursuant to the Offer. The Company, effective December 11, 2003, accepted for purchase 1,632,475 of the tendered shares at the purchase price of $18.50 per share, net to the seller in cash, which resulted in a final proration factor of 61.63% being applied to the purchase of shares tendered under the offer, other than shares tendered pursuant to qualifying odd lot tenders. On December 11, 2003, MBT Financial Corp. issued a press release announcing the completion of its tender offer. The press rel...
must_tender_all = True...e than 1,250,000 shares are tendered, we will purchase shares based on the following order of priority: - First, we will purchase shares from all holders of "odd lots" of less than 100 shares (not including any shares held in our Employee Stock Purchase Plan) who properly tender all of their shares. - Second, we will purchase shares from all other shareholders who properly tender shares, on a pro rata basis, subject to the conditional tender provisions described under "The Offer -- Conditional Tender Procedures." As a result, we will purchase the same percentage of shares from each tendering shareholder in this second category. We...
price = USD 18.5...EXTEND THE OFFER PERIOD AT ANY TIME. MBT FINANCIAL CORP. IS: - offering to purchase up to 1,250,000 of our common shares in a tender offer, and - offering to purchase these shares at a price of $18.50 per share in cash. IF YOU WANT TO TENDER YOUR SHARES INTO OUR OFFER, YOU SHOULD: - specify the amount of shares you want to tender, and - follow the instructions in this document and the related documents, including the accompanying lett...
price = USD 18.5...withdrawn and available for purchase by the Company pursuant to the Offer. The Company, effective December 11, 2003, accepted for purchase 1,632,475 of the tendered shares at the purchase price of $18.50 per share, net to the seller in cash, which resulted in a final proration factor of 61.63% being applied to the purchase of shares tendered under the offer, other than shares tendered pursuant to qualifying odd lot tenders. On De...
threshold = 100...we do so, the preceding provisions will apply to the greater number of shares. ODD LOTS. For purposes of our offer, the term "odd lots" means all shares properly tendered before the expiration date and not properly withdrawn by any person, referred to as an "odd lot holder," who owns, beneficially or of record, a total of fewer than 100 shares and certifies to that fact in the "Odd Lots" box on the letter of transmittal and, if applicable, on the notice of guaranteed delivery. As set forth above, odd lots will be accepted for payment before proration, if any, of the purchase of other tendered shares. To qualify for this preference, an odd lot holder must tender all shares owne...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 3 k80357exv99wxayx1yxiy.txt FORM OF OFFER TO PURCHASE, DATED OCTOBER 30, 2003 EXHIBIT 99(a)(1)(i) (MBT FINANCIAL CORP LOGO) MBT FINANCIAL CORP. 102 E. FRONT STREET MONROE, MICHIGAN 48161 OFFER TO PURCHASE UP TO 1,250,000 COMMON SHARES OF MBT FINANCIAL CORP. OUR OFFER AND YOUR RIGHT TO WITHDRAW YOUR SHARES WILL EXPIRE AT 5:00 P.M., EASTERN TIME, ON THURSDAY, DECEMBER 4, 2003, UNLESS THE OFFE...
txn_type = TENDER_OFFER...J. Lock, 102 E. Front Street Senior Vice President/ Monroe, Michigan 48161 Investor Relations Phone: (734) 241-3431 For Immediate Release December 5, 2003 MBT FINANCIAL CORP. TO PURCHASE APPROXIMATELY 1,632,475 SHARES OF OUTSTANDING STOCK PURSUANT TO ITS SELF TENDER OFFER Monroe, Michigan, December 5, 2003--Ronald D. LaBeau, Chairman and Chief Executive Officer of MBT Financial Corp. ("MBT") (NASDAQ: MBTF) today announced that MBT intends to purchase approximately 1,632,475 of its common shares (representing approximately 8.5% of its shares currently outstanding) at $18.50 per share pursuant to its self t...
txn_type = TENDER_OFFER...umber of shares as are validly tendered and not properly withdrawn. MBT Financial Corp. offered to purchase these shares at a price of $18.50 per share, net to the seller in cash, without interest, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated October 30, 2003 (the "Offer to Purchase"), and in the related Letter of Transmittal ("Letter of Transmittal"), which, as amended or supplemented, together constituted the tender offer (the "Offer"). This Amendment No. 3 to Schedule TO is filed to satisfy the reporting requirements of Rule 13e-4 of the Securities Exchange Act of 1...
expired_on = 2003-12-04...to this Schedule TO, is incorporated in this Amendment No. 3 to the Schedule TO, as amended, by reference to all of the applicable items in the Schedule TO. ITEM 11. ADDITIONAL INFORMATION. The offer expired at 5:00 p.m., Eastern time, on December 4, 2003. According to the depositary, an aggregate of 2,646,758 shares were validly tendered, not withdrawn and available for purchase by the Company pursuant to the Offer. The Company, effective December 11, 2003, accepted for purchase 1,632,475 of the tendered shares at the purchase p...
final_price = 18.5...re validly tendered, not withdrawn and available for purchase by the Company pursuant to the Offer. The Company, effective December 11, 2003, accepted for purchase 1,632,475 of the tendered shares at the purchase price of $18.50 per share, net to the seller in cash, which resulted in a final proration factor of 61.63% being applied to the purchase of shares tendered under the offer, other than shares tendered pursuant to qualifying odd lot tenders. On December 11, 2003, MBT Financial Corp. issued a press release...
proration_pct = 61.63...o the Offer. The Company, effective December 11, 2003, accepted for purchase 1,632,475 of the tendered shares at the purchase price of $18.50 per share, net to the seller in cash, which resulted in a final proration factor of 61.63% being applied to the purchase of shares tendered under the offer, other than shares tendered pursuant to qualifying odd lot tenders. On December 11, 2003, MBT Financial Corp. issued a press release announcing the completion of its tender offer. The press release is included here...
tendered = 2646758...nce to all of the applicable items in the Schedule TO. ITEM 11. ADDITIONAL INFORMATION. The offer expired at 5:00 p.m., Eastern time, on December 4, 2003. According to the depositary, an aggregate of 2,646,758 shares were validly tendered, not withdrawn and available for purchase by the Company pursuant to the Offer. The Company, effective December 11, 2003, accepted for purchase 1,632,475 of the tendered shares at the purchase price of $18.50 per share, net to the seller in cash, which resulted in a final prorat...

The filings

FiledFormRoleOn EDGAR
2003-10-30SC TO-Ioriginal (governing)View
2003-12-05SC TO-I/AamendmentView
2003-12-11SC TO-I/AamendmentView