Odd Lot Index

PAVILION BANCORP INC

Terms unclear

Unclear — read the filing yourself
StatusClosed
Closing date2005-05-20
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 $66.00 per share
Cleared at$66.00
Most an odd-lot tender could be$6,534.00

How it finished

Everyone else64.34%
Expired2005-05-20
Shares tendered193,279
Proration factor64.3%

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...t holder” (as defined below and excluding shares held indirectly in our ESOP/401(k) Plan) 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 purc...
expiry = 2005-05-20...(a)(1)(i) PAVILION BANCORP, INC. 135 East Maumee Street Adrian, Michigan 49221 Offer to Purchase up to 128,832 Common Shares of PAVILION BANCORP, INC. Our offer and your right to withdraw your shares will expire at 5:00 p.m., Adrian, Michigan time, on Friday, May 20, 2005, unless the offer is extended. We may extend the offer period at any time. Pavilion Bancorp, Inc. is: • offering to purchase up to 128,832 of our common shares in a tender offer, and • offering to purchase these shares at a price of $66.00...
mechanism = FIXED...n May 20, 2005. Based upon the final count by the depositary of the tender offer, 193,279 shares of common stock were properly tendered and not withdrawn. Pavilion Bancorp has accepted for purchase and will promptly pay for 128,832 shares of common stock at a purchase price of $66.00 per share, and the total cost, excluding fees and expenses incurred in connection with the offer, will be approximately $8.5 million. After giving effect to the conditional and odd lot tenders, the final proration factor to be applied to the tender offer is approximately 64.34%. Odd lot shares properly tendered will not be subject to proration. Pa...
must_tender_all = True...If more than 128,832 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 (excluding any shares held indirectly in our ESOP/401(k) 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 w...
price = USD 66.0..., 193,279 shares of common stock were properly tendered and not withdrawn. Pavilion Bancorp has accepted for purchase and will promptly pay for 128,832 shares of common stock at a purchase price of $66.00 per share, and the total cost, excluding fees and expenses incurred in connection with the offer, will be approximately $8.5 million. After giving effect to the conditional and odd lot tenders, the final proration factor to be ap...
price = USD 66.0...xtend the offer period at any time. Pavilion Bancorp, Inc. is: • offering to purchase up to 128,832 of our common shares in a tender offer, and • offering to purchase these shares at a price of $66.00 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...
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, not including any shares held indirectly in our ESOP/401(k) Plan, 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...
txn_type = TENDER_OFFER...PRESS RELEASE Pavilion Bancorp, Inc. Contacts: Pamela S. Fisher 135 East Maumee Street Adrian, Michigan 49221 OTC Symbol: PVLN Corporate Secretary Phone: (517) 266-5054 For Immediate Release May 23, 2005 PAVILION BANCORP, INC. ANNOUNCES PRELIMINARY RESULTS OF TENDER OFFER Adrian, Michigan, May 23, 2005 –Pavilion Bancorp, Inc. (“Pavilion Bancorp”) (OTC: PVLN) today announced the preliminary results of its tender offer, which expired at 5:00p.m., Eastern time, on May 20, 2005. Pavilion Bancorp expects to purchase approximately 128,832 of its common shares, or approximately 15.0% of its shares of common stoc...
txn_type = TENDER_OFFER...ry Phone: (517) 266-5054 For Immediate Release May 27, 2005 PAVILION BANCORP, INC. ANNOUNCES FINAL RESULTS OF TENDER OFFER Adrian, Michigan, May 27, 2005 - Pavilion Bancorp, Inc. ("Pavilion Bancorp") (OTC: PVLN) today announced the final results of its tender offer to purchase 128,832 shares of its common stock. The tender offer, which was oversubscribed, expired at 5:00p.m., Eastern time, on May 20, 2005. Based upon the final count by the depositary of the tender offer, 193,279 shares of common stock were properly tendered and not withdrawn. Pavilion Bancorp has accepted for purchase and will promptly pay for...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 k93896exv99wxayx1yxiy.htm OFFER TO PURCHASE, DATED APRIL 12, 2005 exv99wxayx1yxiy EXHIBIT (a)(1)(i) PAVILION BANCORP, INC. 135 East Maumee Street Adrian, Michigan 49221 Offer to Purchase up to 128,832 Common Shares of PAVILION BANCORP, INC. Our offer and your right to withdraw your shares will expire at 5:00 p.m., Adrian, Michigan time, on Friday, May 20, 2005, unless the offer is...
expired_on = 2005-05-20...vilion Bancorp, Inc. ("Pavilion Bancorp") (OTC: PVLN) today announced the final results of its tender offer to purchase 128,832 shares of its common stock. The tender offer, which was oversubscribed, expired at 5:00p.m., Eastern time, on May 20, 2005. Based upon the final count by the depositary of the tender offer, 193,279 shares of common stock were properly tendered and not withdrawn. Pavilion Bancorp has accepted for purchase and will promptly pay for 128,832 shares of common stock at a purchase price of $66.00 per share...
final_price = 66.0...itary of the tender offer, 193,279 shares of common stock were properly tendered and not withdrawn. Pavilion Bancorp has accepted for purchase and will promptly pay for 128,832 shares of common stock at a purchase price of $66.00 per share, and the total cost, excluding fees and expenses incurred in connection with the offer, will be approximately $8.5 million. After giving effect to the conditional and odd lot tenders, the final proration factor to be applied to the tender offer is approximately 64.34%. Odd lot s...
proration_pct = 64.34...0 per share, and the total cost, excluding fees and expenses incurred in connection with the offer, will be approximately $8.5 million. After giving effect to the conditional and odd lot tenders, the final proration factor to be applied to the tender offer is approximately 64.34%. Odd lot shares properly tendered will not be subject to proration. Payment for shares accepted for purchase and the return of all other shares tendered but not accepted for payment will be made promptly by American Stock Transfer and Trust Company, the depositary for the tender...
tendered = 193279...e 128,832 shares of its common stock. The tender offer, which was oversubscribed, expired at 5:00p.m., Eastern time, on May 20, 2005. Based upon the final count by the depositary of the tender offer, 193,279 shares of common stock were properly tendered and not withdrawn. Pavilion Bancorp has accepted for purchase and will promptly pay for 128,832 shares of common stock at a purchase price of $66.00 per share, and the total cost, excluding fees and expenses incurred in connection with the offer, will be approximately $8.5 milli...

The filings

FiledFormRoleOn EDGAR
2005-04-12SC TO-Ioriginal (governing)View
2005-05-23SC TO-I/AamendmentView
2005-05-27SC TO-I/AamendmentView