TUCOWS INC /PA/ TCX
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.
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.
| Status | Closed |
|---|---|
| Closing date | 2010-10-19 |
| How it is priced | Dutch auction |
| Odd-lot threshold | — |
| Must tender everything you hold | Yes |
| Must tick the odd-lot box on the form | Not stated |
| Price offered | USD $0.61 to $0.70 per share, in steps of $0.01 |
| Most an odd-lot tender could be | $60.39 to $69.30 |
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.
expiry = 2010-10-19...er to Purchase for Cash up to 2,900,000 Shares of its Common Stock at a Purchase Price Not in Excess of $0.70 Per Share Nor Less than $0.61 Per Share THE OFFER, WITHDRAWAL RIGHTS AND PRORATION PERIOD WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON TUESDAY, OCTOBER 19, 2010, UNLESS THE OFFER IS EXTENDED. Tucows Inc., a Pennsylvania corporation, is offering to purchase up to 2,900,000 shares of its common stock at a price not in excess of $0.70 nor less than $0.61 per share net to the seller in cash, without i...
expiry = 2010-10-19...er to Purchase for Cash up to 2,900,000 Shares of its Common Stock at a Purchase Price Not in Excess of $0.70 Per Share Nor Less than $0.61 Per Share THE OFFER, WITHDRAWAL RIGHTS AND PRORATION PERIOD WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON TUESDAY, OCTOBER 19, 2010, UNLESS THE OFFER IS EXTENDED. Tucows Inc., a Pennsylvania corporation, is offering to purchase up to 2,900,000 shares of its common stock at a price not in excess of $0.70 nor less than $0.61 per share net to the seller in cash, without i...
expiry = 2010-10-19...er to Purchase for Cash up to 2,900,000 Shares of its Common Stock at a Purchase Price Not in Excess of $0.70 Per Share Nor Less than $0.61 Per Share THE OFFER, WITHDRAWAL RIGHTS AND PRORATION PERIOD WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON TUESDAY, OCTOBER 19, 2010, UNLESS THE OFFER IS EXTENDED. Tucows Inc., a Pennsylvania corporation, is offering to purchase up to 2,900,000 shares of its common stock at a price not in excess of $0.70 nor less than $0.61 per share net to the seller in cash, without i...
listed = True...asserted by us at any time prior to the expiration of our offer. Any determination or judgment by Tucows concerning the events described above will be final and binding on all parties. 8. Price Range of Shares; Dividends. Our shares are listed and principally traded on the NYSE Amex (formerly the American Stock Exchange) under the symbol "TCX" and on the Toronto Stock Exchange under the symbol "TC." The high and low prices per share on the NYSE Amex for, and the cash dividends declared on our common stock during, the periods indicated are listed below: Year Fiscal Quarter Ended High Low Declared Dividend 2010 M...
listed = True...asserted by us at any time prior to the expiration of our offer. Any determination or judgment by Tucows concerning the events described above will be final and binding on all parties. 8. Price Range of Shares; Dividends. Our shares are listed and principally traded on the NYSE Amex (formerly the American Stock Exchange) under the symbol "TCX" and on the Toronto Stock Exchange under the symbol "TC." The high and low prices per share on the NYSE Amex for, and the cash dividends declared on our common stock during, the periods indicated are listed below: Year Fiscal Quarter Ended High Low Declared Dividend 2010 M...
listed = True...etermination or judgment by Tucows concerning the events described above will be final and binding on all parties, subject to any determination by a court of competent jurisdiction. 15 8. Price Range of Shares; Dividends. Our shares are listed and principally traded on the NYSE Amex (formerly the American Stock Exchange) under the symbol "TCX" and on the Toronto Stock Exchange under the symbol "TC." The high and low prices per share on the NYSE Amex for, and the cash dividends declared on our common stock during, the periods indicated are listed below: Year Fiscal Quarter Ended High Low Declared Dividend 2010 M...
mechanism = DUTCH...e are offering to purchase up to 2,900,000 shares of our outstanding common stock. See Section 1. What is the purchase price? •The price range for our offer is $0.61 to $0.70 per share. We are conducting our offer through a procedure commonly called a "modified" Dutch auction. This procedure enables you to choose a price within a price range at which you are willing to sell your shares. •We will review the prices chosen by shareholders who have properly tendered their shares. We will then select the lowest price that will enable us to buy 2,900,000 shares. If a lessor number of shares are tendered, we will se...
mechanism = DUTCH...e are offering to purchase up to 2,900,000 shares of our outstanding common stock. See Section 1. What is the purchase price? •The price range for our offer is $0.61 to $0.70 per share. We are conducting our offer through a procedure commonly called a "modified" Dutch auction. This procedure enables you to choose a price within a price range at which you are willing to sell your shares. •We will review the prices chosen by shareholders who have properly tendered their shares. We will then select the lowest price that will enable us to buy 2,900,000 shares. If a lessor number of shares are tendered, we will se...
mechanism = DUTCH...trading day prior to the amendment of our offer, the low end of the price range, $0.61 per share, was less than $0.67, the closing price per share of our common stock on the NYSE Amex. We are conducting our offer through a procedure commonly called a "modified" Dutch auction. This procedure enables you to choose a price within a price range at which you are willing to sell your shares. •We will review the prices chosen by shareholders who have properly tendered their shares. We will then select the lowest price that will enable us to buy 2,900,000 shares. If a lessor number of shares are tendered, we will se...
must_tender_all = True...of our shares as margin securities. We caution readers that the important factors, including without limitation the price at which we ultimately determine to purchase shares in the offer, the number of shares tendered in the offer, the number of shareholders who tender all of their shares of our common stock in the offer, general market conditions and other factors discussed in other documents filed by us with the Securities and Exchange Commission, among others, could cause our actual results to differ materially from statements contained in this offer to purchase. 20 Forward-looking statements are not guarantees of futu...
must_tender_all = True...of our shares as margin securities. We caution readers that the important factors, including without limitation the price at which we ultimately determine to purchase shares in the offer, the number of shares tendered in the offer, the number of shareholders who tender all of their shares of our common stock in the offer, general market conditions and other factors discussed in other documents filed by us with the Securities and Exchange Commission, among others, could cause our actual results to differ materially from statements contained in this offer to purchase. 20 Forward-looking statements are not guarantees of futu...
must_tender_all = True...our shares as margin securities. We caution readers that the important factors, including without limitation the price at which we ultimately determine to purchase shares in the offer, the 21 number of shares tendered in the offer, the number of shareholders who tender all of their shares of our common stock in the offer, general market conditions and other factors discussed in other documents filed by us with the Securities and Exchange Commission, among others, could cause our actual results to differ materially from statements contained in this offer to purchase. Forward-looking statements are not guarantees of future...
no_priority = True...including the proration and conditional tender provisions described below. If more than 2,900,000 shares are tendered at or below the purchase price we select, then shares tendered at or below the purchase price, other than shares to purchase from holders of "odd lots," will be subject to proration as set forth in "Proration" below. See Section 5 for a more detailed description of our purchase of and payment for tendered shares. All shares we purchase will be purchased at the same price, even if you have specified a lower price. However, we will not purchase any shares tendered at a price above the purchase price we select using th...
no_priority = True...including the proration and conditional tender provisions described below. If more than 2,900,000 shares are tendered at or below the purchase price we select, then shares tendered at or below the purchase price, other than shares to purchase from holders of "odd lots," will be subject to proration as set forth in "Proration" below. See Section 5 for a more detailed description of our purchase of and payment for tendered shares. All shares we purchase will be purchased at the same price, even if you have specified a lower price. However, we will not purchase any shares tendered at a price above the purchase price we select using th...
no_priority = True...including the proration and conditional tender provisions described below. If more than 2,900,000 shares are tendered at or below the purchase price we select, then shares tendered at or below the purchase price, other than shares to purchase from holders of "odd lots," will be subject to proration as set forth in "Proration" below. See Section 5 for a more detailed description of our purchase of and payment for tendered shares. 3 All shares we purchase will be purchased at the same price, even if you have specified a lower price. However, we will not purchase any shares tendered at a price above the purchase price we select using...
price = USD 0.61-0.7...ares? •Tucows Inc., a Pennsylvania corporation. We are offering to purchase up to 2,900,000 shares of our outstanding common stock. See Section 1. What is the purchase price? •The price range for our offer is $0.61 to $0.70 per share. We are conducting our offer through a procedure commonly called a "modified" Dutch auction. This procedure enables you to choose a price within a price range at which you are willing to sell your shares. •We...
price = USD 0.61-0.7...ares? •Tucows Inc., a Pennsylvania corporation. We are offering to purchase up to 2,900,000 shares of our outstanding common stock. See Section 1. What is the purchase price? •The price range for our offer is $0.61 to $0.70 per share. We are conducting our offer through a procedure commonly called a "modified" Dutch auction. This procedure enables you to choose a price within a price range at which you are willing to sell your shares. •We...
price = USD 0.61-0.7...ares? •Tucows Inc., a Pennsylvania corporation. We are offering to purchase up to 2,900,000 shares of our outstanding common stock. See Section 1. What is the purchase price? •The price range for our offer is $0.61 to $0.70 per share. As of October 5, 2010, the last trading day prior to the amendment of our offer, the low end of the price range, $0.61 per share, was less than $0.67, the closing price per share of our common stock on the NY...
txn_type = TENDER_OFFEREX-99.(A)(1)(A) 2 a2200179zex-99_a1a.htm EX-99.(A)(1)(A) QuickLinks -- Click here to rapidly navigate through this document Exhibit (a)(1)(A) Offer to Purchase for Cash up to 2,900,000 Shares of its Common Stock at a Purchase Price Not in Excess of $0.70 Per Share Nor Less than $0.61 Per Share THE OFFER, WITHDRAWAL RIGHTS AND PRORATION PERIOD WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON TUESDAY, OCTOBER 19, 2010, UNLESS THE OFFER IS EXTENDED. Tucows Inc., a Pennsylvania corporation, is offe...
txn_type = TENDER_OFFEREX-99.(A)(1)(A) 2 a2200272zex-99_a1a.htm EX-99.(A)(1)(A) QuickLinks -- Click here to rapidly navigate through this document EXHIBIT (a)(1)(A) Amended Offer to Purchase for Cash up to 2,900,000 Shares of its Common Stock at a Purchase Price Not in Excess of $0.70 Per Share Nor Less than $0.61 Per Share THE OFFER, WITHDRAWAL RIGHTS AND PRORATION PERIOD WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON TUESDAY, OCTOBER 19, 2010, UNLESS THE OFFER IS EXTENDED. Tucows Inc., a Pennsylvania corporation, is offe...
txn_type = TENDER_OFFEREX-99.(A)(1)(A) 2 a2200364zex-99_a1a.htm EXHIBIT 99.(A)(1)(A) QuickLinks -- Click here to rapidly navigate through this document EXHIBIT (a)(1)(A) Amended Offer to Purchase for Cash up to 2,900,000 Shares of its Common Stock at a Purchase Price Not in Excess of $0.70 Per Share Nor Less than $0.61 Per Share THE OFFER, WITHDRAWAL RIGHTS AND PRORATION PERIOD WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON TUESDAY, OCTOBER 19, 2010, UNLESS THE OFFER IS EXTENDED. Tucows Inc., a Pennsylvania corporation, is offe...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2010-09-17 | SC TO-I | original (governing) | View |
| 2010-09-27 | SC TO-I/A | amendment | View |
| 2010-10-06 | SC TO-I/A | amendment | View |