Odd Lot Index

QUALCOMM INC/DE QCOM

Terms unclear

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.
StatusClosed
Closing date2018-08-27
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 $60.00 to $67.50 per share, in steps of $0.25
Most an odd-lot tender could be$5,940.00 to $6,682.50

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..., will I be subject to proration? If you own, beneficially or of record, fewer than 100 Shares in the aggregate, you properly tender all of these Shares at or below the Final Purchase Price and do not properly withdraw them before the Expiration Date, and you complete the section entitled "Odd Lots" in the Letter of Transmittal (if you are a registered holder) and, if applicable, in the Notice of Guaranteed Delivery, we will purchase all of your Shares without subjecting them to the proration procedure. See Section 1. Has the Company or its Board of Directors adopted a position on the Offer? Our Board of Directors has authorized us to make the Offer. However, n...
expiry = 2018-08-27...ed Up to $10 Billion in Value of Shares of Its Common Stock At a Cash Purchase Price Not Greater than $67.50 per Share Nor Less than $60.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, AT THE END OF THE DAY ON AUGUST 27, 2018, UNLESS THE OFFER IS EXTENDED (SUCH DATE AND TIME, AS THEY MAY BE EXTENDED, THE "EXPIRATION DATE"). QUALCOMM Incorporated, a Delaware corporation (the "Company," "Qualcomm," "we," "us" or "our"), invites our stockholders to tender up to $1...
listed = True...and antenna design and application processor architectures. Our patents cover a wide range of technologies across the entire wireless system (including wireless devices and infrastructure equipment) and not just what is embodied in chipsets. Our common stock is listed on the NASDAQ Global Select Market under the symbol "QCOM." Our principal executive offices are located at 5775 Morehouse Drive, San Diego, California 92121-1714, and our telephone number is (858) 587-1121. Availability of Reports and Other Information. We are subject to the informational filing requirements of the Exchange Act which obligates us to file reports, statements and ot...
mechanism = DUTCH...orporated, a Delaware corporation, is offering to purchase the Shares. See Section 1. What is Qualcomm offering to purchase? We are offering to purchase up to $10 billion in value of Shares. See Section 1. What is the purpose of the Offer? We believe that the modified Dutch auction tender offer set forth in this Offer to Purchase represents an efficient mechanism to provide our stockholders with the opportunity to tender all or a portion of their Shares and thereby receive a return of some or all of their investment in the Company if they so elect. The Offer provides stockholders with an opportunity to obtain liqui...
must_tender_all = True...set forth in Section 3. In what order will you purchase the tendered Shares? We will purchase Shares on the following basis: •first, we will purchase all Odd Lots (as defined in Section 1) of less than 100 Shares at the Final Purchase Price from stockholders who properly tender all of their Shares at or below the Final Purchase Price and who do not properly withdraw them before the Expiration Date (tenders of less than all of the Shares owned, beneficially or of record, by such Odd Lot Holder (as defined in Section 1) will not qualify for this preference); 5 •second, after purchasing all the Odd Lots that were properly tendered at...
price = USD 60.0-67.5...ommonly called a "modified Dutch auction." This procedure allows you to select the price, within a price range specified by us, at which you are willing to tender your Shares. The price range for the Offer is $60.00 to $67.50 per Share. We will select the single lowest purchase price (in increments of $0.25), not greater than $67.50 nor less than $60.00 per Share, that will allow us to purchase up to $10 billion in value of Shares at such pr...
threshold = 100...lot, stockholders whose Shares are conditionally tendered must have tendered all of their Shares. Therefore, we may not purchase all of the Shares that you tender even if you tender them at or below the Final Purchase Price. See Section 1 and Section 6. If I own fewer than 100 Shares and I tender all of my Shares, will I be subject to proration? If you own, beneficially or of record, fewer than 100 Shares in the aggregate, you properly tender all of these Shares at or below the Final Purchase Price and do not properly withdraw them before the Expiration Date, and you complete the section entitled "Odd Lots" in the Le...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 a2236340zex-99_a1i.htm EX-99.(A)(1)(I) Exhibit (a)(1)(i) Offer to Purchase by QUALCOMM Incorporated Up to $10 Billion in Value of Shares of Its Common Stock At a Cash Purchase Price Not Greater than $67.50 per Share Nor Less than $60.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, AT THE END OF THE DAY ON AUGUST 27, 2018, UNLESS THE OFFER IS EXTE...

The filings

FiledFormRoleOn EDGAR
2018-07-31SC TO-Ioriginal (governing)View