Monster Beverage Corp MNST
Odd lots go first
Unclear — read the filing yourself
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.
| Status | Closed |
|---|---|
| Closing date | 2024-06-05 |
| How it is priced | Dutch auction |
| Odd-lot threshold | — |
| Must tender everything you hold | Yes |
| Must tick the odd-lot box on the form | Yes |
| Price offered | USD $53.00 to $60.00 per share, in steps of $0.50 |
| Cleared at | $53.00 |
| Most an odd-lot tender could be | $5,247.00 |
How it finished
Everyone else47.18%
| Expired | 2024-06-05 |
|---|---|
| Shares tendered | 119,018,767 |
| Shares accepted | 56,603,773 |
| Proration factor | 47.2% |
| Overall acceptance | 47.6% |
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...e the owner of less than 100 shares in the aggregate, whether such shares are owned beneficially or of record, you validly tender all of these shares at or below the Purchase Price prior to the Expiration Time (and do not validly 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, and all conditions to the Offer are satisfied or waived, we will purchase all of your shares without subjecting them to proration. This preference is not available to partial tenders or to holders of 100 or more shares in the aggregate, whether such shares 8 TABLE OF CONTENTS are...
expiry = 2024-06-05...Stock for an Aggregate Purchase Price of Up To $3.0 Billion at a Purchase Price Not Less Than $53.00 Per Share Nor Greater Than $60.00 Per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON JUNE 5, 2024, UNLESS THE OFFER IS EXTENDED OR TERMINATED (SUCH TIME, AS IT MAY BE EXTENDED, THE “EXPIRATION TIME”). Monster Beverage Corporation, a Delaware corporation (the “Company,” “Monster,” “we,” “our” or “us”), is offering to purchase for ca...
listed = True...2, 2024. The Offer is not conditioned upon any minimum number of shares being tendered. The Offer is, however, subject to the satisfaction or waiver of the Financing Condition, as well as a number of other terms and conditions. See Section 7. Our common stock is listed on the NASDAQ Global Select Market (the “NASDAQ”) and trades under the symbol “MNST.” On May 7, 2024, the reported closing price of our common stock on the NASDAQ was $54.67 per share. You are urged to obtain current market quotations for our common stock before deciding whether, and at what price or prices, to tender your shares pursuant to the Offer. See Section 8. Altho...
mechanism = DUTCH...ommon stock? The issuer of the shares, Monster Beverage Corporation, is offering to purchase the shares. What will be the Purchase Price for the shares and what will be the form of payment? We are conducting an offer by means of a procedure commonly called a “modified Dutch auction.” Upon the terms and subject to the conditions of the Offer, we are offering to purchase for cash shares of our common stock, par value $0.005 per share, pursuant to (1) Auction Tenders at prices specified by the tendering shareholders of not less than $53.00 nor greater than $60.00 per share or (2) Purchase Price Tenders. Shares tendere...
mechanism = DUTCH...T 99.(A)(5)(E) Exhibit (a)(5)(E) Monster Beverage Corporation announces preliminary results of tender offer CORONA, Calif., June 6, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (“Monster”) (NASDAQ: MNST) announced today the preliminary results of its modified “Dutch auction” tender offer, which expired at 11:59 p.m., New York City time, on June 5, 2024. Based on the preliminary count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of approximately 77,418,093 shares of Monster’s common stock were validly tendered and not validly withdrawn at a purchase price of $53.00 per share o...
mechanism = DUTCH...e Corporation announces FINAL RESULTS OF TENDER OFFER Monster Will Acquire 56,603,773 Shares at $53.00 Per Share CORONA, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (“Monster”) (NASDAQ: MNST) announced today the final results of its modified “Dutch auction” tender offer, which expired at 11:59 p.m., New York City time, on June 5, 2024. Based on the final count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of 119,018,767 shares of Monster’s common stock were validly tendered and not validly withdrawn at the final purchase price of $53.00 per share or as purcha...
must_tender_all = True...d not validly withdrawn prior to the Expiration Time would result in an aggregate purchase price of more than the Maximum Offer Amount, we will purchase shares in the following order of priority: • First, from all holders of “odd lots” of less than 100 shares who validly tender all of their shares at or below the Purchase Price, and do not validly withdraw them prior to the Expiration Time, except that tenders of less than all of the shares owned by an “odd lot” holder will not qualify for this preference; • Second, from all other shareholders (except for shareholders who tendered shares conditionally for which the condition was...
price = USD 53.0-60.0...Section 3. After the Expiration Time, we will, upon the terms and subject to the conditions of the Offer, determine a single price per share (the “Purchase Price”), which will be not less than $53.00 and not more than $60.00 per share, that we will pay for shares of our common stock validly tendered in the Offer and not validly withdrawn. The Purchase Price will be the lowest price per share of not less than $53.00 and not more than $60.00...
price = USD 53.0...Trust Company, LLC, the depositary for the tender offer, a total of approximately 77,418,093 shares of Monster’s common stock were validly tendered and not validly withdrawn at a purchase price of $53.00 per share or as purchase price tenders. Additionally, approximately 41,603,083 shares were tendered through notice of guaranteed delivery at such purchase price or as purchase price tenders. Rodney Sacks and Hilton Schlosberg, wh...
price = USD 53.0...initi Trust Company, LLC, the depositary for the tender offer, a total of 119,018,767 shares of Monster’s common stock were validly tendered and not validly withdrawn at the final purchase price of $53.00 per share or as purchase price tenders, which includes shares that were tendered through notice of guaranteed delivery at the final purchase price of $53.00 per share or as purchase price tenders. In accordance with the terms and...
priority = True...urchase Price or pursuant to Purchase Price Tenders will receive the Purchase Price, payable in cash, less any applicable withholding taxes and without interest, for all shares purchased upon the terms and subject to the conditions of the Offer, including the provisions relating to “odd lot” priority, proration and conditional tender described below. Under a Purchase Price Tender, shares will be purchased at the Purchase Price, upon the terms and subject to the conditions of the Offer. If you wish to maximize the chance that your shares will be purchased by us in the Offer, you should validly tender your shares pursuant to a Purchase...
txn_type = TENDER_OFFEREX-99.(A)(1)(A) 2 tm2413707d1_exa1a.htm EXHIBIT-99.(A)(1)(A) tm2413707-1_sctoi_DIV_04-exa1a - none - 6.6719039s TABLE OF CONTENTS Exhibit (a)(1)(A) MONSTER BEVERAGE CORPORATION Offer to Purchase for Cash Shares of Its Common Stock for an Aggregate Purchase Price of Up To $3.0 Billion at a Purchase Price Not Less Than $53.00 Per Share Nor Greater Than $60.00 Per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON JUNE 5, 2024, UNLESS THE OFFER IS EXTENDED OR TERMINATED (SU...
txn_type = TENDER_OFFEREX-99.(A)(5)(E) 2 tm2413707d11_ex99-a5e.htm EXHIBIT 99.(A)(5)(E) Exhibit (a)(5)(E) Monster Beverage Corporation announces preliminary results of tender offer CORONA, Calif., June 6, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (“Monster”) (NASDAQ: MNST) announced today the preliminary results of its modified “Dutch auction” tender offer, which expired at 11:59 p.m., New York City time, on June 5, 2024. Based on the preliminary count by Equiniti Trust Company, LLC, the depositary for...
txn_type = TENDER_OFFEREX-99.(A)(5)(F) 2 tm2413707d12_ex99-a5f.htm EXHIBIT 99.(A)(5)(F) Exhibit (a)(5)(F) Monster Beverage Corporation announces FINAL RESULTS OF TENDER OFFER Monster Will Acquire 56,603,773 Shares at $53.00 Per Share CORONA, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (“Monster”) (NASDAQ: MNST) announced today the final results of its modified “Dutch auction” tender offer, which expired at 11:59 p.m., New York City time, on June 5, 2024. Based on the final count by...
accepted = 56603773...e tendered through notice of guaranteed delivery at the final purchase price of $53.00 per share or as purchase price tenders. In accordance with the terms and conditions of the tender offer, Monster accepted for purchase a total of 56,603,773 shares of its common stock, representing approximately 5.4% of the shares issued and outstanding immediately prior to the completion of the purchase, at the final purchase price of $53.00 per share, for an aggregate purchase price of approximately $3.0 billion, excluding fees and expen...
expired_on = 2024-06-05...r Share CORONA, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (“Monster”) (NASDAQ: MNST) announced today the final results of its modified “Dutch auction” tender offer, which expired at 11:59 p.m., New York City time, on June 5, 2024. Based on the final count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of 119,018,767 shares of Monster’s common stock were validly tendered and not validly withdrawn at the final purchase price of $53.00 per share or as purchase price tenders, wh...
final_price = 53.0...on the final count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of 119,018,767 shares of Monster’s common stock were validly tendered and not validly withdrawn at the final purchase price of $53.00 per share or as purchase price tenders, which includes shares that were tendered through notice of guaranteed delivery at the final purchase price of $53.00 per share or as purchase price tenders. In accordance with the terms and conditions of the tender offer, Monster accepted for purcha...
proration_pct = 47.18...which will be accepted in full, and conditional tenders that will automatically be regarded as withdrawn because the condition was not satisfied. Monster has been informed by the depositary that the final proration factor for the tender offer is approximately 47.18%. The depositary will promptly pay for all the shares accepted for purchase pursuant to the tender offer and will return all other shares tendered and not purchased. Rodney Sacks and Hilton Schlosberg, who are Monster’s Co-CEOs and members of the Board of Directors, tendered 608,...
tendered = 119018767...Dutch auction” tender offer, which expired at 11:59 p.m., New York City time, on June 5, 2024. Based on the final count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of 119,018,767 shares of Monster’s common stock were validly tendered and not validly withdrawn at the final purchase price of $53.00 per share or as purchase price tenders, which includes shares that were tendered through notice of guaranteed delivery at the final purchase price of $53.00 per share or as purchase price tenders. In accordance with...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2024-05-08 | SC TO-I | original (governing) | View |
| 2024-06-06 | SC TO-I/A | amendment | View |
| 2024-06-10 | SC TO-I/A | amendment | View |