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The introduction of the Dutch auction share repurchase in 1981 gives firms an alternative to the fixed price tender offer when executing a tender offer share repurchase. The first firm to use the Dutch auction was Todd Shipyards. A Dutch auction offer specifies a price range within which the shares are purchased.
The introduction of the Dutch auction share repurchase in 1981 allows an alternative form of tender offer. A Dutch auction offer specifies a price range within which the shares will ultimately be purchased. Shareholders are invited to tender their stock, if they desire, at any price within the stated range.
In corporate finance, a tender offer is a type of public takeover bid. The tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders of a publicly traded corporation (the target corporation) to tender their stock for sale at a specified price during a specified time, subject to the tendering of a minimum ...
SUPERVALU Announces Expiration of Tender Offer MINNEAPOLIS--(BUSINESS WIRE)-- SUPERVALU INC. (NYS: SVU) ("SUPERVALU") today announced the expiration of its previously announced modified "Dutch ...
Barclays Bank PLC Announces an Offer to Purchase Notes for Cash Using a Modified "Dutch Auction" Procedure LONDON--(BUSINESS WIRE)-- Barclays Bank PLC (the "Issuer") has today commenced an offer ...
Insignia Systems, Inc. Announces Preliminary Results of Its Modified Dutch Auction Tender Offer MINNEAPOLIS--(BUSINESS WIRE)-- Insignia Systems, Inc. (NAS: ISIG) today announced the preliminary ...
The interest rate on ARS is determined through a Dutch auction process. The total number of shares available to auction at any given period is determined by the number of existing bond holders who wish to sell or hold bonds only at a minimum yield. Existing holders and potential investors enter a competitive bidding process through broker ...
Insperity Announces Final Results of Dutch Auction Tender Offer HOUSTON--(BUSINESS WIRE)-- Insperity, Inc. (NYS: NSP) , a leading provider of human resources and business performance solutions for ...