Workflow
Modified Dutch auction tender offer
icon
Search documents
White Mountains Announces Preliminary Results of Its Tender Offer
Prnewswire· 2025-12-22 13:00
Core Viewpoint - White Mountains Insurance Group, Ltd. announced the preliminary results of its modified Dutch auction tender offer to purchase up to $300 million in common shares, which expired on December 19, 2025 [1] Group 1: Tender Offer Details - A total of 67,186 shares were properly tendered at or below the purchase price of $2,050 per share, including 16,589 shares tendered by notice of guaranteed delivery [2] - The company expects to purchase all validly tendered shares for approximately $137.7 million, representing about 2.6% of White Mountains's shares outstanding as of November 19, 2025 [2] - The final number of shares to be purchased and the final purchase price will be announced after the completion of the confirmation process by the depositary [3] Group 2: Outstanding Shares and Contact Information - Following the payment for the accepted shares, the company expects to have approximately 2,476,555 common shares outstanding [4] - Shareholders seeking additional information about the tender offer can contact D.F. King & Co. or the dealer managers BofA Securities, Inc. and Barclays Capital Inc. [4]
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
Core Viewpoint - IZEA Worldwide, Inc. has initiated a modified "Dutch auction" tender offer to repurchase up to $8,700,000 of its common stock, indicating a strategic move to enhance shareholder value [1][2]. Offer Details - The tender offer price ranges from $2.30 to $2.80 per share, with the maximum price set at approximately 120% of the 90-day volume-weighted average purchase price of $2.29 per share as of May 12, 2025 [2]. - The offer period starts on May 16, 2025, and will conclude at 5:00 p.m. Eastern Time on June 16, 2025, unless extended or terminated [2]. Tender Process - Stockholders can tender some or all of their shares within the specified price range, and the lowest single per-share price will be determined based on the number of shares tendered [3]. - All shares accepted in the offer will be purchased at the same price, irrespective of the tendering price [3]. Regulatory Compliance - The offer is being conducted in accordance with an Offer to Purchase and related materials that will be filed with the Securities and Exchange Commission (SEC) [4]. Company Overview - IZEA Worldwide, Inc. is an influencer marketing company focused on creating solutions for the Creator Economy, having facilitated nearly 4 million collaborations between brands and creators since its inception in 2006 [6].
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
Core Viewpoint - IZEA Worldwide, Inc. plans to initiate a modified "Dutch auction" tender offer to repurchase up to $8,700,000 of its common stock [1][2]. Group 1: Tender Offer Details - The tender offer will purchase shares at a price between $2.30 and $2.80 per share, with the maximum price being approximately 120% of the 90-day volume-weighted average purchase price of $2.29 per share as of May 12, 2025 [2]. - The offer will commence on May 16, 2025, and will expire at 5:00 p.m. Eastern Time on June 16, 2025, unless extended or terminated [2]. - Stockholders can tender some or all of their shares at a price within the specified range, and all accepted shares will be purchased at the same price, determined by the lowest single per-share price that allows the company to purchase up to the maximum dollar amount [3]. Group 2: Company Overview - IZEA Worldwide, Inc. is an influencer marketing company focused on creating solutions for the Creator Economy, having facilitated nearly 4 million collaborations between brands and creators since its inception in 2006 [6].