Seaspan CORP
No odd-lot preference
Read automatically from the filing
This offer mentions odd lots only to say they get no special treatment. Odd-lot tenders are prorated like everyone else's.
| Status | Closed |
|---|---|
| Closing date | 2012-01-11 |
| 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 |
| Price offered | USD $15.00 per share |
| Most an odd-lot tender could be | $1,485.00 |
How it finished
Everyone else54%
| Shares tendered | 20,693,886 |
|---|---|
| Shares accepted | 11,300,000 |
| Proration factor | 54% |
| Overall acceptance | 54.6% |
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...Depositary would not only avoid the payment of brokerage commissions, but also would avoid any applicable odd lot discounts in a sale of the holder’s Shares. Any odd lot holder wishing to tender all of such odd lot holder’s Shares pursuant to the Offer should check the box entitled “Odd Lots” in the Letter of Transmittal and, if applicable, the Notice of Guaranteed Delivery. Proration. If proration of tendered Shares is required, we will determine the proration factor promptly following the Expiration Date. Proration for each shareholder tendering Shares, other than odd lot holders, will be based on the ratio of the number o...
expiry = 2012-01-11...(a)(1)(i) Offer to Purchase for Cash by Seaspan Corporation of Up to 10,000,000 of its Class A Common Shares At a Purchase Price of $15.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, ON WEDNESDAY, JANUARY 11, 2012, UNLESS THE OFFER IS EXTENDED (SUCH TIME AND DATE, AS MAY BE EXTENDED, THE “EXPIRATION DATE”). Seaspan Corporation, a Republic of The Marshall Islands corporation (the “Company,” “Seaspan,” “we,” “us” or “our”), invites its shareholders to...
listed = True...Vapores S.A., COSCO Container Lines Co., Ltd., Hanjin Shipping Co., Ltd., Hapag-Lloyd USA, LLC, Kawasaki Kisen Kaisha Ltd., MSC Mediterranean Shipping Company S.A., Mitsui O.S.K. Lines, Ltd., and United Arab Shipping Company (S.A.G.). Seaspan’s common shares are listed on The New York Stock Exchange under the symbol “SSW”. Seaspan’s Series C Preferred Shares are listed on The New York Stock Exchange under the symbol “SSW PR C”. Tender Offer Statement This press release is for informational purposes only and is neither an offer to buy nor the solicitation of an offer to sell, any shares of Seaspan Class A common shares. For Investor...
listed = True...Vapores S.A., COSCO Container Lines Co., Ltd., Hanjin Shipping Co., Ltd., Hapag-Lloyd USA, LLC, Kawasaki Kisen Kaisha Ltd., MSC Mediterranean Shipping Company S.A., Mitsui O.S.K. Lines, Ltd., and United Arab Shipping Company (S.A.G.). Seaspan’s common shares are listed on The New York Stock Exchange under the symbol “SSW”. Seaspan’s Series C Preferred Shares are listed on The New York Stock Exchange under the symbol “SSW PR C”. Tender Offer Statement This press release is for informational purposes only and is neither an offer to buy nor the solicitation of an offer to sell, any shares of Seaspan Class A common shares. For Investor...
mechanism = FIXEDEX-99.(A)(1)(I) 2 d267773dex99a1i.htm OFFER TO PURCHASE Offer to Purchase Table of Contents Exhibit (a)(1)(i) Offer to Purchase for Cash by Seaspan Corporation of Up to 10,000,000 of its Class A Common Shares At a Purchase Price of $15.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, ON WEDNESDAY, JANUARY 11, 2012, UNLESS THE OFFER IS EXTENDED (SUCH TIME AND DATE, AS MAY BE EXTENDED, THE “EXPIRATION DATE”). Seaspan Corporation, a Republic of The Marshall Islands corporation (the “Company,” “Seaspan,” “we,” “us” or “ou...
mechanism = FIXED...e tendered through notice of guaranteed delivery. In accordance with the terms and conditions of the tender offer, and based on the preliminary count by the depositary, Seaspan expects to accept for purchase 11,300,000 shares of its Class A common shares at a purchase price of $15.00 per share, for an aggregate cost of approximately $169.5 million, excluding fees and expenses relating to the tender offer. The total number of shares expected to be purchased in the tender offer includes an additional 1,300,000 shares purchased pursuant to Seaspan’s right to increase the number of shares purchased by no more than 2 percent of its...
must_tender_all = True...Shares have been tendered under the procedure for book-entry transfer set forth in Section 3. In what order will you purchase the tendered Shares? We will purchase Shares on the following basis: • first, from all holders of “odd lots” of less than 100 Shares who properly tender all of their Shares and do not properly withdraw them before the expiration of the Offer; • second, after the purchase of all of the Shares properly tendered and not properly withdrawn by odd lot holders, subject to the conditional tender provisions described in Section 6, we will purchase all other Shares properly tendered and not properly withdrawn on a p...
no_priority = True...to the person will be deducted from the purchase price unless satisfactory evidence of the payment of the stock transfer taxes, or exemption from payment of the stock transfer taxes, is submitted. 6. Conditional Tender of Shares. Subject to the exception for odd lot holders, in the event that the Offer is oversubscribed, Shares properly tendered prior to the Expiration Date will be subject to proration. See Section 1. As discussed in Section 13, the number of Shares to be purchased from a particular shareholder may affect the tax treatment of the purchase to the shareholder and the shareholder’s decision whether to tender. Accordingly, a shareholder may tender Shares subject to the condition that a specified minimum number of the share...
price = USD 15.0...htm OFFER TO PURCHASE Offer to Purchase Table of Contents Exhibit (a)(1)(i) Offer to Purchase for Cash by Seaspan Corporation of Up to 10,000,000 of its Class A Common Shares At a Purchase Price of $15.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, ON WEDNESDAY, JANUARY 11, 2012, UNLESS THE OFFER IS EXTENDED (SUCH TIME AND DATE, AS MAY BE EXTENDED, THE “EXPIRATION...
price = USD 15.0...nd conditions of the tender offer, and based on the preliminary count by the depositary, Seaspan expects to accept for purchase 11,300,000 shares of its Class A common shares at a purchase price of $15.00 per share, for an aggregate cost of approximately $169.5 million, excluding fees and expenses relating to the tender offer. The total number of shares expected to be purchased in the tender offer includes an additional 1,300,000...
threshold = 100...he Offer, subject to applicable law. If we do so, the preceding provisions will apply to the greater total number of Shares. Odd Lots. For purposes of the Offer, the term “odd lots” means all Shares properly tendered by a shareholder (an “odd lot holder”) who owns beneficially or of record an aggregate of fewer than 100 Shares and so certifies in the appropriate place on the Letter of Transmittal and, if applicable, the Notice of Guaranteed Delivery. 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 3. As set forth above, “odd lot...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 d267773dex99a1i.htm OFFER TO PURCHASE Offer to Purchase Table of Contents Exhibit (a)(1)(i) Offer to Purchase for Cash by Seaspan Corporation of Up to 10,000,000 of its Class A Common Shares At a Purchase Price of $15.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, ON WEDNESDAY, JANUARY 11, 2012, UNLESS THE OF...
txn_type = TENDER_OFFER...ion Unit 2, 7th Floor, Bupa Centre 141 Connaught Road West Hong Kong, China c/o 2600 – 200 Granville Street Vancouver, BC Canada V6C 1S4 Tel: 604-638-2575 Fax: 604-648-9782 www.seaspancorp.com FOR IMMEDIATE RELEASE SEASPAN ANNOUNCES PRELIMINARY RESULTS OF ITS TENDER OFFER HONG KONG, China, January 12, 2012 – Seaspan Corporation (NYSE:SSW) (“Seaspan”) today announced the preliminary results of its tender offer for the purchase of up to 10,000,000 of its Class A common shares at a price of $15.00 per share, which expired at 12:00 midnight, New York City time, on Wednesday, January 11, 2012. Based on the pre...
txn_type = TENDER_OFFER...4 Tel: 604-638-2575 Fax: 604-648-9782 www.seaspancorp.com FOR IMMEDIATE RELEASE SEASPAN ANNOUNCES FINAL RESULTS OF ITS TENDER OFFER HONG KONG, China, January 19, 2012 – Seaspan Corporation (NYSE:SSW) (“Seaspan”) today announced the final results of its tender offer to purchase up to 10,000,000 of its Class A common shares at a price of $15.00 per share, which expired at 12:00 midnight, New York City time, on Wednesday, January 11, 2012. Seaspan has accepted for purchase 11,300,000 shares of its common stock at a price of $15.00 per share, for an aggregate cost of $169,500,000, excluding fees and expenses relat...
accepted = 11300000...tender offer to purchase up to 10,000,000 of its Class A common shares at a price of $15.00 per share, which expired at 12:00 midnight, New York City time, on Wednesday, January 11, 2012. Seaspan has accepted for purchase 11,300,000 shares of its common stock at a price of $15.00 per share, for an aggregate cost of $169,500,000, excluding fees and expenses relating to the tender offer. Although the original tender offer was for a maximum of 10,000,000 Class A common shares, the total number of shares purchased in...
proration_pct = 54.0...n’s Class A common shares were properly tendered and not withdrawn or tendered conditionally. Seaspan has been informed by the Depositary that, after giving effect to the priority for “odd lots,” the final proration factor is approximately 54%. The Depositary will promptly issue payment for the shares validly tendered and accepted for purchase and will return all other shares tendered. Immediately following the purchase of the tendered shares, Seaspan expects to have approximately 58,367,460 Class A common shares outs...
tendered = 20693886...han 2 percent of its outstanding shares, without amending or extending the tender offer. Based on the final tabulation by American Stock Transfer & Trust Company, the Depositary for the tender offer, 20,693,886 shares of Seaspan’s Class A common shares were properly tendered and not withdrawn or tendered conditionally. Seaspan has been informed by the Depositary that, after giving effect to the priority for “odd lots,” the final proration factor is approximately 54%. The Depositary will promptly issue payment for the shares validly tendered and acce...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2011-12-13 | SC TO-I | original (governing) | View |
| 2012-01-12 | SC TO-I/A | amendment | View |
| 2012-01-19 | SC TO-I/A | amendment | View |