Phillips Edison & Company, Inc. PECO
Not traded — nothing to buy
Read automatically from the filing
The filing says these shares are not traded on any market. The odd-lot term may be real, but there is no way to buy the shares, so there is no trade here.
| Status | Closed |
|---|---|
| Closing date | 2020-12-15 |
| How it is priced | Fixed price |
| Odd-lot threshold | Fewer than 100 shares |
| Must tender everything you hold | Yes |
| Must tick the odd-lot box on the form | Yes |
| Cleared at | $5.75 |
| Most an odd-lot tender could be | $569.25 |
How it finished
| Shares tendered | 4,500,000 |
|---|
odd-lot priority is stated as applied, but the filing does not say odd lots were filled in full
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...not only avoid the payment of brokerage commissions, but also would avoid any applicable “odd lot” discounts in a sale of such shares. Any Odd Lot Holder wishing to tender all of such holder’s Shares pursuant to the Offer and receive the priority payment must complete the section entitled “Odd Lots” in the Letter of Transmittal. Proration. Proration for each stockholder tendering Shares (other than Odd Lot Holders) will be based on the ratio of the number of Shares properly tendered and not properly withdrawn by the stockholder to the total number of Shares properly tendered and not properly withdrawn by all stockholders (other than Odd Lot Holders). We will pu...
expiry = 2020-12-15...structions”). This Offer to Purchase and the Letter of Transmittal, including the Instructions, constitute the “Offer.” Unless extended or withdrawn, the Offer, proration period and withdrawal rights will expire at 5:00 p.m. Eastern Time, on Tuesday, December 15, 2020 (the “Expiration Date” or the “Expiration Time”). You may tender all, a portion or none of your Shares. Stockholders desiring to tender all or any portion of their Shares for purchase must complete and sign a Letter of Transmittal and deli...
mechanism = FIXEDEX-99.(A)(1)(A) 2 ex-99a1aoffertopurchase.htm EX-99.(A)(1)(A) Document OFFER TO PURCHASE PHILLIPS EDISON & COMPANY, INC. 11501 NORTHLAKE DRIVE CINCINNATI, OHIO 45249 (513) 554-1110 OFFER TO PURCHASE UP TO 4,500,000 SHARES OF ITS OUTSTANDING COMMON STOCK AT A PURCHASE PRICE OF $5.75 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M. EASTERN TIME, DECEMBER 15, 2020, UNLESS EXTENDED OR WITHDRAWN Dear Fellow Stockholder: Phillips Edison & Company, Inc. (the “Company,” “we,” “our,” or “us”) is offering to buy shares of its common stock through the tender offer described herein at a purchase price...
must_tender_all = True...evelopment or redevelopment projects, paying operating and administrative expenses, or debt service obligations. •Purchases of Shares pursuant to the Offer will increase the proportionate interest of stockholders that do not tender their Shares. •Stockholders who tender all of their Shares will give up the opportunity to participate in any potential future benefits from owning Shares, including the right to receive any future dividends or distributions that we may pay, or to participate in other liquidity options that may be made available by the Company or third parties in the future. The Board also believes the purchase...
price = USD 5.75...PURCHASE PHILLIPS EDISON & COMPANY, INC. 11501 NORTHLAKE DRIVE CINCINNATI, OHIO 45249 (513) 554-1110 OFFER TO PURCHASE UP TO 4,500,000 SHARES OF ITS OUTSTANDING COMMON STOCK AT A PURCHASE PRICE OF $5.75 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M. EASTERN TIME, DECEMBER 15, 2020, UNLESS EXTENDED OR WITHDRAWN Dear Fellow Stockholder: Phillips Edison & Company, Inc. (the “Company,” “we,” “ou...
priority = True...s at a purchase price of $5.75 per share, or approximately $26 million in the aggregate, that are properly tendered and not properly withdrawn prior to the Expiration Date. For purposes of 16 130372.6 the Offer, we will be deemed to have accepted for payment, subject to “odd lot” priority and proration, Shares that are properly tendered and not properly withdrawn, only when, as and if we give oral or written notice to the Depositary and the Paying Agent of our acceptance of the tendered Shares for payment pursuant to the Offer. We will purchase 4,500,000 Shares if the Offer is fully subscribed, which would represent appro...
threshold = 100...onditioned upon the purchase of a specified number of Shares or any other condition, none of those Shares will be purchased. Odd Lots. The term “Odd Lots” means all Shares properly tendered prior to the Expiration Date and not properly withdrawn by any person who owned, beneficially or of record, a total of fewer than 100 Shares and so certified in the appropriate place on the Letter of Transmittal. To qualify for this preference, an Odd Lot Holder must tender all Shares owned beneficially or of record by the Odd Lot Holder in accordance with the procedures described in Section 2, “Procedures for Tendering Shares.” Odd Lots will be accepted for payment before an...
txn_type = TENDER_OFFEREX-99.(A)(1)(A) 2 ex-99a1aoffertopurchase.htm EX-99.(A)(1)(A) Document OFFER TO PURCHASE PHILLIPS EDISON & COMPANY, INC. 11501 NORTHLAKE DRIVE CINCINNATI, OHIO 45249 (513) 554-1110 OFFER TO PURCHASE UP TO 4,500,000 SHARES OF ITS OUTSTANDING COMMON STOCK AT A PURCHASE PRICE OF $5.75 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M. EASTERN TIME, DECEMBER 15, 2020, UNLESS EXTENDED OR WITHDRAW...
untradeable = True...you tender. If the Offer is oversubscribed, and you are not an odd lot holder (i.e., a stockholder holding less than 100 Shares), the number of Shares that we purchase from you will be prorated. The Shares are not listed on a national securities exchange, and there is no established trading market for the Shares. The Company is making this Offer to address the needs of certain of our stockholders who desire immediate liquidity for all or a portion of their Shares. However, the Purchase Price is significantly lower than the current 130372.6 estimated value per Share of $8.75 affirmed by the Board of Directors of the Company (the “Board”) on May 6...
final_price = 5.75...)(1)(A) Document OFFER TO PURCHASE PHILLIPS EDISON & COMPANY, INC. 11501 NORTHLAKE DRIVE CINCINNATI, OHIO 45249 (513) 554-1110 OFFER TO PURCHASE UP TO 4,500,000 SHARES OF ITS OUTSTANDING COMMON STOCK AT A PURCHASE PRICE OF $5.75 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M. EASTERN TIME, DECEMBER 15, 2020, UNLESS EXTENDED OR WITHDRAWN Dear Fellow Stockholder: Phillips Edison & Company, Inc. (the “Company,” “we,” “our,” or “us”) is offering to buy shares of its common stock t...
oddlot_filled = IMPLIED...26 million in the aggregate, that are properly tendered and not properly withdrawn prior to the Expiration Date. For purposes of 16 130372.6 the Offer, we will be deemed to have accepted for payment, subject to “odd lot” priority and proration, Shares that are properly tendered and not properly withdrawn, only when, as and if we give oral or written notice to the Depositary and the Paying Agent of our acceptance of the tendered Shares for payment pursuant to the Offer. We will purchase 4,500,000 Shares i...
tendered = 4500000...of your Shares. You are able to tender your Shares regardless of how long you have owned them. See Section 3, “Amount of Tenders.” What if stockholders tender more than 4,500,000 Shares? If more than 4,500,000 Shares are properly tendered and not properly withdrawn, we will purchase Shares on the following basis: •First, we will purchase all the Shares properly tendered and not properly withdrawn by any “odd lot holder” (a stockholder of less than 100 Shares) who tenders all of that holder’s Shares; and •Second,...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2020-11-10 | SC TO-I | original (governing) | View |