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Regarding Draft Resolutions for the General Meeting of Shareholders Convened on 30 June 2025
Globenewswire· 2025-05-28 13:50
AB PST Group (hereinafter, the “Company”), taking into consideration that: (i) at the extraordinary general meeting of shareholders of the Company, to be held at 10:00 a.m. on 30 June 2025, being convened at the initiative and decision of the Board of the Company, it is intended to consider the issue to delist all the outstanding shares of the Company from trading on the regulated market AB Nasdaq Vilnius (hereinafter, the “Meeting”); (ii) in its notification about the intention to delist the shares of the ...
Teck Recommends that Shareholders Reject “Mini-Tender Offer” by TRC Capital
Globenewswire· 2025-05-23 21:48
Core Viewpoint - Teck Resources Limited has received an unsolicited mini-tender offer from TRC Capital Corporation to purchase up to 2.0 million Class B subordinate voting shares at a price of $47.80, which is a 4.46% discount to the closing price on May 20, 2025 [1][2]. Group 1: Mini-Tender Offer Details - The mini-tender offer represents approximately 0.41% of Teck's outstanding Class B subordinate voting shares as of May 23, 2025 [1]. - Teck advises shareholders not to tender their shares due to the below-market price of the offer and various conditions attached to TRC's offer [3][4]. - TRC's offer includes subjective conditions and is designed to avoid many investor protections applicable to larger tender offers [4]. Group 2: Shareholder Guidance - Teck does not endorse TRC's unsolicited offer and emphasizes that shareholders should exercise caution and consult financial advisors before making decisions [4]. - The Canadian Securities Administrators have raised concerns about mini-tender offers, warning that investors might misunderstand the terms and pricing relative to market conditions [5]. - Shareholders who have tendered their shares can withdraw them before June 18, 2025, by following the procedures outlined in TRC's offer documents [7]. Group 3: Company Overview - Teck is a leading Canadian resource company focused on providing essential metals for economic development and energy transition, with operations in North and South America [11]. - The company is committed to responsible growth and stakeholder trust, with a strong portfolio in copper and zinc operations [11].
Teva Announces Increase of the Maximum Tender Amount of its Debt Tender Offer and Increases to Pool Tender Caps for Pool 2 Notes and Pool 3 Notes
Globenewswire· 2025-05-22 17:56
TEL AVIV, Israel, May 22, 2025 (GLOBE NEWSWIRE) -- Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) (“Teva”) announced today that it is increasing the maximum tender amount of its tender offer previously announced on May 19, 2025 from $2.0 billion (equivalent) aggregate cash purchase price (exclusive of accrued and unpaid interest) to approximately $2.25 billion (equivalent) aggregate cash purchase price (exclusive of accrued and unpaid interest) (the “Total Maximum Amount”). Teva is also increasin ...
Sabre Corporation Announces Cash Tender Offers by Sabre GLBL Inc. for Existing Secured Debt
Prnewswire· 2025-05-21 00:43
Core Viewpoint - Sabre Corporation announced the commencement of tender offers to purchase up to $336.375 million of its securities through its subsidiary Sabre GLBL Inc, with specific terms and conditions outlined in the Offer to Purchase [1][3][4]. Tender Offer Details - The tender offers will expire on June 17, 2025, with an early tender deadline of June 3, 2025, for holders to receive total consideration including an early tender premium [3][4]. - The total consideration for each $1,000 principal amount of securities validly tendered before the early tender deadline includes a premium of $50.00, with specific amounts for different series of securities detailed in the announcement [1][4]. - Securities tendered after the early tender deadline will receive a lower tender offer consideration, which is the total consideration minus the early tender premium [4][15]. Securities Information - The tender offers include various senior secured notes with different principal amounts and interest rates, such as 8.625% notes due 2027 and 7.375% notes due 2025, with total amounts outstanding of $656.783 million and $23.393 million respectively [1][4]. - The aggregate maximum tender amount is subject to increase or decrease at the discretion of Sabre GLBL, and the purchase of one series of securities is not conditioned on the purchase of any other series [1][6]. Financing Transaction - Sabre GLBL announced a financing transaction involving the offering of $1.325 billion aggregate principal amount of 11.125% senior secured notes due 2030, which is expected to provide sufficient net cash proceeds to fund the aggregate purchase price for the tender offers [7][8]. - Completion of the financing transaction is subject to customary closing conditions, and there are no assurances that it will be completed [7]. Additional Information - The announcement does not contain the full terms and conditions of the tender offers, which are detailed in the Offer to Purchase [8]. - Sabre GLBL may also purchase additional securities in the open market or through other means following the completion of the tender offers [9].
AT&T Recommends Shareholders Reject Mini-Tender Offer from TRC Capital
Prnewswire· 2025-05-19 20:30
DALLAS, May 19, 2025 /PRNewswire/ -- AT&T Inc. ("AT&T") has learned that TRC Capital Investment Corporation ("TRC") has made an unsolicited "mini-tender" offer, dated May 5, 2025. TRC has offered to purchase up to 4 million shares of AT&T common stock at $26.38 per share. The offer expires on June 3, 2025, unless extended by TRC.AT&T is in no way associated with TRC and recommends that shareholders reject this unsolicited offer.AT&T cautions shareholders that the offer is being made at a price below the cur ...
IZEA Announces Commencement of a Modified Dutch Auction Tender Offer to Repurchase up to $8.7M of its Common Stock
Globenewswire· 2025-05-16 12:00
ORLANDO, Fla., May 16, 2025 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a leading influencer marketing company that makes Creator Economy solutions for marketers, announced today that it has commenced a modified “Dutch auction” tender offer (the “Offer”) to repurchase up to $8,700,000 of its common stock. Under the terms of the Offer, IZEA is offering to purchase shares of its common stock at a price not less than $2.30 and not more than $2.80 per share, which maximum price equals approximately ...
IZEA Announces Intention to Commence a Modified Dutch Auction Tender Offer to Repurchase up to $8.7M of its Common Stock
GlobeNewswire News Room· 2025-05-13 20:02
ORLANDO, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a leading influencer marketing company that makes Creator Economy solutions for marketers, announced today that it intends to commence a modified “Dutch auction” tender offer (the “Offer”) to repurchase up to $8,700,000 of its common stock. Under the terms of the proposed Offer, IZEA will offer to purchase shares of its common stock at a price not less than $2.30 and not more than $2.80 per share, which maximum price equals ...
Lido Merger Sub, Inc. Announces Commencement of Tender Offer and Consent Solicitation for 8.875% Senior Notes due 2029 of Landsea Homes Corporation
GlobeNewswire News Room· 2025-05-13 12:01
NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Lido Merger Sub, Inc. (the “Company”) announced today that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of Landsea Homes Corporation’s (“Landsea Homes”) outstanding 8.875% Senior Notes due 2029 (the “Notes”). In connection with the Tender Offer, the Company is also soliciting the consents of holders of the Notes to certain proposed amendments to the indenture governing the Notes (the “Consent Solicitation”). The Company is comme ...
POSTPONEMENT OF BELIEVE'S ANNUAL GENERAL MEETING SCHEDULED FOR 26 JUNE 2025
Globenewswire· 2025-04-29 05:45
Core Points - Believe has received authorization from the Paris Economic Activities Court to extend the legal deadline for the approval of its financial statements for the fiscal year ending December 31, 2024, due to a public tender offer by Upbeat BidCo [2] - The Annual General Meeting originally scheduled for June 26, 2025, has been postponed to a later date, which will be determined after the completion of the squeeze-out [3] - Believe is a leading digital music company focused on developing independent artists and labels, providing them with necessary solutions to grow their audience [4] Company Overview - Believe operates globally with a team of 2,037 employees across more than 50 countries, offering a range of services through various brands including Believe, TuneCore, and Nuclear Blast [4] - The company is listed on compartment A of the regulated market of Euronext Paris under the ticker BLV [4]