Odd Lot Index

SILICON LABORATORIES INC. SLAB

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 date2021-08-30
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 $140.00 to $160.00 per share, in steps of $1.00
Most an odd-lot tender could be$13,860.00 to $15,840.00

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election_required = True...at or below the Purchase Price and not validly withdrawn, we will purchase Shares as follows: • first, from all holders of “odd lots” of less than 100 Shares who validly tender all of their Shares at prices at or below the Purchase Price determined by us who complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery; • second, from all other stockholders who validly tender Shares at prices at or below the Purchase Price determined by us, on a pro rata basis (except for stockholders who tendered Shares conditionally for which the condition was not satisfied); and • third, only if necessary to p...
expiry = 2021-08-30...ries Inc. of Up to $1,000,000,000 in Value of Shares of its Common Stock at a Purchase Price not less than $140.00 nor greater than $160.00 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 30, 2021, UNLESS THE OFFER IS EXTENDED OR TERMINATED (SUCH DATE AND TIME, AS THEY MAY BE EXTENDED, THE “EXPIRATION TIME”). Silicon Laboratories Inc., a Delaware corporation (the “Company”, “we”, “our” or “us”), invites our stockholders to tender up...
listed = True...to pay the fees and expenses in connection with the Offer with available cash. The Offer is not conditioned on any minimum number of Shares being tendered. The Offer is, however, subject to other conditions. See Sections 2, 7 and 9. The Shares are listed and traded on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SLAB.” On August 2, 2021, the last full trading day before the announcement of the Offer, the last reported sale price of our Shares on NASDAQ was $155.03 per Share. Stockholders are urged to obtain current market quotations for the Shares before deciding whether and at what price to tender their Shares. See Section 8...
mechanism = DUTCH...umber of Shares being tendered by stockholders, but is subject to certain other conditions. See Sections 7 and 9. What is the purpose of the Offer? On July 22, 2021, the Board unanimously determined to repurchase Shares, which was expected to occur through a “modified Dutch auction” tender offer. The purpose of the Offer is to return capital to our stockholders. In particular, the Board believes the “modified Dutch auction” tender offer set forth in this Offer to Purchase is a mechanism that will provide all Company stockholders with the opportunity to tender all or a portion of their Shares if they so elect at a p...
must_tender_all = True...purchase price of Shares as we may elect to purchase, subject to applicable law) are validly tendered at or below the Purchase Price and not validly withdrawn, we will purchase Shares as follows: • first, from all holders of “odd lots” of less than 100 Shares who validly tender all of their Shares at prices at or below the Purchase Price determined by us who complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery; • second, from all other stockholders who validly tender Shares at prices at or below the Purchase Price determined by us, on a pro rata basis (excep...
price = USD 140.0-160.0...es of our Common Stock, par value $0.0001 per share (each, a “Share,” and collectively, the “Shares”), for purchase by us in cash at a price calculated as described herein that is not less than $140.00 and not greater than $160.00 per Share, less any applicable withholding taxes and without interest, upon the terms and subject to the conditions set forth in this Offer to Purchase and in the related Letter of Transmittal (which, as they may be ame...
priority = True...in the related Letter of Transmittal (which, as they may be amended or supplemented from time to time, together constitute the “Offer”). Promptly following the Expiration Time, we will, upon the terms and subject to the conditions of the Offer, including the provisions relating to “odd lot” priority, proration and conditional tenders described in the Offer, determine a single price per Share (the “Purchase Price”), which will be not less than $140.00 and not greater than $160.00 per Share, that we will pay for Shares purchased in the Offer. The Purchase Price will be the lowest price per Share of not less than $140.00 and not greate...
threshold = 100...e of those Shares will be purchased even if they are tendered at or below the Purchase Price. Odd Lots. The term “Odd Lots” means all Shares validly tendered prior to the Expiration Time at prices at or below the Purchase Price and not 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 and, if applicable, on the Notice of Guaranteed Delivery (an “Odd Lot Holder”). To qualify for this Odd Lot preference, an Odd Lot 17 Table of Contents Holder must tender all Shares owned by such Odd Lot Holder in accordance with the procedures described in Section 3....
txn_type = TENDER_OFFEREX-99.(A)(1)(A) 2 d194977dex99a1a.htm EX-99.(A)(1)(A) EX-99.(a)(1)(a) Table of Contents Exhibit (a)(1)(A) Offer to Purchase for Cash by Silicon Laboratories Inc. of Up to $1,000,000,000 in Value of Shares of its Common Stock at a Purchase Price not less than $140.00 nor greater than $160.00 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 30, 2021, UNLESS THE OFFER I...

The filings

FiledFormRoleOn EDGAR
2021-08-03SC TO-Ioriginal (governing)View