Odd Lot Index

New Senior Investment Group Inc.

Odd lots go first

Read automatically from the filing
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.
StatusClosed
Closing date2016-01-19
How it is pricedDutch auction
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formYes
Price offeredUSD $10.00 per share
Most an odd-lot tender could be$990.00

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...by any Odd Lot Holder who: • properly tenders and does not properly withdraw all Shares owned by the Odd Lot Holder at or below the Purchase Price (tenders of less than all of the Shares owned by an Odd Lot Holder will not qualify for this preference); and • completes the section entitled “Odd Lots” in the Letter of Transmittal or, in the case of a book-entry transfer, an Agent’s Message (as defined below), and, if applicable, in the Notice of Guaranteed Delivery (or, in the case of a beneficial owner, arranges with the owner’s broker, dealer, commercial bank, trust company or other nominee for such completion or Agent’s Message); and • Second, subject to the c...
expiry = 2016-01-19...Price of up to $30,000,000 in Cash of Shares of its Common Stock at a Purchase Price Not Greater Than $10.00 per Share Nor Less Than $9.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON JANUARY 19, 2016, UNLESS THE OFFER IS EXTENDED OR WITHDRAWN (SUCH DATE, AS IT MAY BE EXTENDED, THE “EXPIRATION DATE”). New Senior Investment Group Inc., a Delaware corporation (the “Company,” “New Senior,” “we” or “us”), is offering to purchase for cash up...
listed = True...rs promptly following the Expiration Date. See Section 3. The Offer is not conditioned upon obtaining financing or any minimum number of Shares being tendered. The Offer is, however, subject to a number of other terms and conditions. See Section 7. The Shares are listed on the New York Stock Exchange (the “NYSE”) and trade under the symbol “SNR.” On December 16, 2015, the last full trading day prior to the announcement of the Offer, the reported closing price of the Shares on the NYSE was $9.51 per Share. You are urged to obtain current market quotations for the Shares before deciding whether, and at what price or prices, to tender y...
mechanism = DUTCH...e compensation earned by the Manager compared to the amount that would be earned if Shares were not repurchased. 1 TABLE OF CONTENTS What will be the Purchase Price for the Shares and what will be the form of payment? We are conducting the Offer by means of a modified “Dutch auction” to purchase for cash up to $30,000,000 of Shares, pursuant to (i) Auction Tenders at prices specified by the tendering stockholders of not greater than $10.00 per Share nor less than $9.00 per Share, or (ii) Purchase Price Tenders, in either case, net to the seller in cash, less any applicable withholding taxes and without interest, upo...
mechanism = DUTCHEX-99.(A)(5)(B) 2 s001167x1_ex-a5b.htm EXHIBIT (A)(5)(B) Exhibit (a)(5)(B) FOR IMMEDIATE RELEASE Contact: David Smith 212-479-3140 New Senior Announces Expiration And Preliminary Results Of Modified “Dutch Auction” Self-Tender Offer Company Remains Committed To Returning Capital To Stockholders Through Share Repurchase Program NEW YORK — January 20, 2016 — New Senior Investment Group Inc. (“New Senior” or the “Company”) (NYSE: SNR) today announced the expiration and preliminary results of its modified “Dutch auction” self-tender offer to repurchas...
mechanism = DUTCHEX-99.(A)(5)(C) 2 s001171x1_ex99-a5c.htm EXHIBIT 99.(A)(5)(C) Exhibit (a)(5)(C) FOR IMMEDIATE RELEASE Contact: David Smith 212-479-3140 New Senior Announces Final Results Of Modified “Dutch Auction” Self-Tender Offer Company Purchases 3,333,333 Shares At $9.00 Per Share NEW YORK — January 25, 2016 — New Senior Investment Group Inc. (“New Senior” or the “Company”) (NYSE: SNR) today announced the final results of its modified “Dutch auction” self-tender offer, which expired at 5:00 p.m., New York City time, on January 19, 2016. In ac...
must_tender_all = True...y a particular stockholder as a single lot, and will limit our purchase in each case to the designated minimum number of Shares to be purchased. To be eligible for purchase by random lot, stockholders whose Shares are conditionally tendered must have properly tendered all of their Shares. 7. Conditions of the Offer. Notwithstanding any other provision of the Offer, we will not be required to accept for payment, purchase or pay for any Shares tendered, and may terminate or amend the Offer or may postpone the acceptance for payment of, or the purchase of or the payment for Shares tendered, subject to the rules under the Ex...
price = USD 10.0...this Offer to Purchase and in the related Letter of Transmittal (which together, as they may be amended or supplemented from time to time, constitute the “Offer”). At the maximum purchase price of $10.00 per Share, subject to any increase we may later make (subject to applicable law), we could purchase up to 3,000,000 Shares if the Offer is fully subscribed, which would represent approximately 3.51% of our issued and outstanding...
price = USD 9.0...k, including 2,112,044 shares that were tendered through notice of guaranteed delivery, were properly tendered and not properly withdrawn at a price at or below the expected final purchase price of $9.00 per share. In accordance with the terms of the self-tender offer, and based on these preliminary results, New Senior expects to repurchase 3,333,333 shares of its common stock at a purchase price of $9.00 per share on a pro rata...
price = USD 9.0...nal count by American Stock Transfer & Trust Company, LLC, the depositary for the self-tender offer, New Senior has accepted for purchase 3,333,333 shares of its common stock at a purchase price of $9.00 per share on a pro rata basis, except for tenders of odd lots, which were accepted in full, for a total cost of approximately $30,000,000, excluding fees and expenses relating to the self-tender offer. New Senior has determined t...
priority = True...r Share (the minimum purchase price under the Offer) and stockholders properly tendering Shares pursuant to Purchase Price Tenders can reasonably expect to have Shares purchased at the Purchase Price if any Shares are purchased under the Offer (subject to the provisions relating to “odd lot” priority, proration and conditional tender). However, your election or the election of other stockholders to tender Shares pursuant to Auction Tenders or Purchase Price Tenders could result in the Purchase Price being lower and could result in your Shares being purchased at the minimum price in the Offer. The Offer is not being made to, nor will...
threshold = 100...e do so, the preceding provisions will apply to the greater total number of Shares. Odd Lots. The term “Odd Lots” means all Shares properly tendered prior to the Expiration Date at prices at or below the Purchase Price and not properly withdrawn by any person who owned a total of fewer than 100 Shares and so certified (or, in the case of a beneficial owner, arranges with the owner’s broker, dealer, commercial bank, trust company or other nominee to so certify) in the appropriate place on the Letter of Transmittal and, if applicable, on the Notice of Guaranteed Delivery (an “Odd Lot Holder”). To qualify for this preference, an Odd Lot...
txn_type = TENDER_OFFEREX-99.(A)(1)(A) 2 s001139x1_exhibita.htm EXHIBIT (A)(1)(A) TABLE OF CONTENTS Exhibit (a)(1)(A) New Senior Investment Group Inc. Offer to Purchase for an Aggregate Purchase Price of up to $30,000,000 in Cash of Shares of its Common Stock at a Purchase Price Not Greater Than $10.00 per Share Nor Less Than $9.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON JANUARY 19, 2016, UNLESS THE OFFER IS EXTENDED OR WITHDRAWN (SUCH...
txn_type = TENDER_OFFEREX-99.(A)(5)(B) 2 s001167x1_ex-a5b.htm EXHIBIT (A)(5)(B) Exhibit (a)(5)(B) FOR IMMEDIATE RELEASE Contact: David Smith 212-479-3140 New Senior Announces Expiration And Preliminary Results Of Modified “Dutch Auction” Self-Tender Offer Company Remains Committed To Returning Capital To Stockholders Through Share Repurchase Program NEW YORK — January 20, 2016 — New Senior Investment Group Inc. (“New Senior” or the “Company”) (NYSE: SNR) today announced the expiration and preliminary results of its modified “Dutch auction” self-tender offer to repurchase up to $30,000,000...
txn_type = TENDER_OFFEREX-99.(A)(5)(C) 2 s001171x1_ex99-a5c.htm EXHIBIT 99.(A)(5)(C) Exhibit (a)(5)(C) FOR IMMEDIATE RELEASE Contact: David Smith 212-479-3140 New Senior Announces Final Results Of Modified “Dutch Auction” Self-Tender Offer Company Purchases 3,333,333 Shares At $9.00 Per Share NEW YORK — January 25, 2016 — New Senior Investment Group Inc. (“New Senior” or the “Company”) (NYSE: SNR) today announced the final results of its modified “Dutch auction” self-tender offer, which expired at 5:00 p.m., New York City time, on January 19, 2016. In accordance with the t...

The filings

FiledFormRoleOn EDGAR
2015-12-17SC TO-Ioriginal (governing)View
2016-01-20SC TO-I/AamendmentView
2016-01-25SC TO-I/AamendmentView