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EQT Announces Pricing of its Tender Offer for Certain Senior Notes and Amounts Accepted for Purchase
Prnewswire· 2026-03-24 18:30
EQT Announces Pricing of its Tender Offer for Certain Senior Notes and Amounts Accepted for Purchase Accessibility StatementSkip Navigation PITTSBURGH, March 24, 2026 /PRNewswire/ -- EQT Corporation (NYSE: EQT) ("EQT" and, collectively with its consolidated subsidiaries, the "Company") today announced the consideration payable with respect to its previously announced tender offer to purchase for cash (the "Tender Offer") certain of its outstanding 3.900% Senior Notes due 2027, 6.375% Senior Notes due 2029, ...
EQT Announces Early Results and Upsizing of its Tender Offer for Certain Senior Notes
Prnewswire· 2026-03-24 10:30
EQT Announces Early Results and Upsizing of its Tender Offer for Certain Senior Notes Accessibility StatementSkip Navigation PITTSBURGH, March 24, 2026 /PRNewswire/ -- EQT Corporation (NYSE: EQT) ("EQT" and, collectively with its consolidated subsidiaries, the "Company") today announced the early results and upsizing of its previously announced tender offer to purchase for cash (the "Tender Offer") certain of its outstanding 3.900% Senior Notes due 2027, 6.375% Senior Notes due 2029, 4.50% Senior Notes due ...
Saltchuk Resources, Inc. and Great Lakes Dredge & Dock Corporation Announce Tender Offer for Any and All 5.25% Senior Notes due 2029 of Great Lakes Dredge & Dock Corporation and Related Consent Solicitation
Globenewswire· 2026-03-18 12:46
Tender Offer Made in Connection with Parties’ Pending Business Combination Expected to Close Early in the Second QuarterHOUSTON and SEATTLE, March 18, 2026 (GLOBE NEWSWIRE) -- Saltchuk Resources, Inc. (the “Offeror”) and Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) (the “Company”) announced that the Offeror has commenced a cash tender offer (the “Tender Offer”) for any and all of the Company’s 5.25% Senior Notes due 2029 (the “Notes”). In conjunction with the Tender Offer, the Offeror is soliciting ( ...
BLUE OWL CAPITAL CORPORATION II BOARD UNANIMOUSLY RECOMMENDS SHAREHOLDERS REJECT UNSOLICITED MINORITY OFFER FROM COX AND SABA
Prnewswire· 2026-03-13 20:58
Core Viewpoint - Blue Owl Capital Corporation II's Board of Directors unanimously recommends shareholders reject the unsolicited minority tender offer from Cox Capital Partners and Saba Capital Management, citing the offer's significant discount to net asset value (NAV) and the ongoing capital return initiatives already in place [1]. Group 1: Offer Details - The unsolicited tender offer involves up to 8,000,000 shares for approximately $30 million, representing less than 7% of the outstanding shares [1]. - The offer price reflects a discount of approximately 33.2% to the NAV, which the Board believes undervalues the long-term potential of OBDC II shares [1]. - The Board has advised shareholders to simply not respond to any offer materials received to reject the tender offer [1]. Group 2: Reasons to Reject the Offer - Tendering shares would prevent shareholders from receiving future distributions and appreciating the value of their shares [1]. - The offer price is deemed inadequate and arbitrary, significantly undervaluing OBDC II's assets and liquidity access [1]. - BofA Securities provided an opinion stating the offer price is inadequate from a financial perspective for OBDC II shareholders [1][2]. Group 3: Company Performance and Future Plans - OBDC II has delivered a 9.1% annualized return since inception, outperforming leveraged loan indices [1]. - Shareholders are expected to receive payments equal to 50% or more of OBDC II's net assets in 2026, including a return of capital distribution of 30% of NAV to be paid by March 31, 2026 [1]. - The company plans to prioritize additional return of capital distributions on a quarterly basis of 5% or more, alongside regular monthly dividends [1].
Black Pearl Commences Tender Offer for Selectis Health, Inc.
Prnewswire· 2026-03-11 04:32
Core Viewpoint - Black Pearl Equities, LLC has initiated a tender offer to acquire up to 100% of the outstanding shares of Selectis Health, Inc. at a price of $5.05 per share, representing a 45% premium over the current trading price [1] Group 1: Tender Offer Details - The tender offer is set to expire at 5:00 p.m. New York City time on May 11, 2026, unless extended or terminated earlier [1] - Shareholders must validly tender and not withdraw their shares by the expiration time to receive the offer price [1] - The offer is contingent upon certain conditions, including a minimum tender condition of at least 51% of the outstanding shares being validly tendered [1] Group 2: Company Statements - Abe Schwartz, CEO of Black Pearl Equities, stated that the offer is in the best interest of shareholders and expressed a desire to work constructively with the Board of Selectis Health [1] - As of the press release date, the Board of Directors of Selectis Health has not formally responded to the tender offer [1] Group 3: Information and Assistance - D.F. King & Co., Inc. has been appointed as the Information Agent for the tender offer, and shareholders can contact them for assistance [1] - Shareholders are encouraged to review the Schedule TO and related materials filed with the SEC for detailed instructions [1]
Fnac Darty : The Board of Directors of Fnac Darty issues a favourable and unanimous reasoned opinion on the proposed tender offer initiated by EP Group
Globenewswire· 2026-03-10 06:45
Core Opinion - The Board of Directors of Fnac Darty issued a favorable and unanimous reasoned opinion on the proposed tender offer initiated by EP Group, considering it beneficial for the company, its shareholders, and employees [3][9]. Offer Details - The tender offer includes a price of €36 per share, which represents a 19% premium over the last closing share price prior to the announcement, and premiums of 24% and 26% over the volume-weighted average share prices for the 1-month and 3-month periods, respectively [5]. - OCEANE holders will receive a price of €81.12 per OCEANE [5]. Independent Expert Review - Ledouble, acting as an independent expert, confirmed the fairness of the offer, supporting the Board's favorable opinion [3][4][9]. Shareholder Recommendations - The Board recommends that shareholders and OCEANE holders tender their securities to the offer, highlighting the immediate liquidity opportunity it provides [4][5]. Future Considerations - The Board noted that maintaining a listing would allow shareholders to remain associated with Fnac Darty's future potential, although it carries risks related to share liquidity and market price fluctuations [6]. Regulatory Compliance - The draft response document and the offer documents are subject to review by the French Financial Markets Authority (AMF), with the offer expected to close in the second half of 2026, pending AMF clearance [8]. Company Background - Fnac Darty is a European leader in omnichannel retail, with sales exceeding €10.3 billion in 2025 and a strategic plan for expansion in Europe through 2030 [12].
Potential Tender Offer At MFS High Income Municipal Trust Before Vote
Seeking Alpha· 2026-03-06 20:26
Core Viewpoint - A tender offer plan for MFS High Income Municipal Trust (CXE) is expected to be announced soon, indicating potential strategic moves in the municipal Closed End Funds (CEFs) sector [1]. Group 1: Company Insights - MFS High Income Municipal Trust (CXE) is one of three municipal Closed End Funds that are significantly owned by well-recognized institutional investors [1]. - The article highlights the expertise of Dan Plettner, who specializes in qualitative investigative research methods focused on Closed-End Funds and underfollowed securities [1]. Group 2: Analyst Background - Dan Plettner has a robust background in finance, having started investing in his teenage years and holding an undergraduate degree from Miami University, where he graduated Magna Cum Laude [1]. - He has experience as a Closed-End Fund Product Specialist at Morgan Stanley and has attained an MBA from New York University [1].
Tetragon Financial Group Limited Announcement of Dividend and Intention to Conduct Tender Offer
Prnewswire· 2026-03-05 16:57
Dividend Announcement - Tetragon Financial Group declared a dividend of U.S.$0.12 (12.00 cents) per share for the fourth quarter of 2025 [1] - The ex-dividend date is set for 9 March 2026, with the record date on 10 March 2026 [1] - Payment of the dividend will occur on 2 April 2026, with options for shareholders to receive dividends in Tetragon shares or in cash [1] Tender Offer Intention - Tetragon intends to conduct a tender offer for non-voting shares with a maximum value of up to U.S.$50 million [1] - The tender offer will utilize a modified Dutch auction structure [1] - The repurchase of shares at a price below NAV is expected to be accretive to the fully diluted NAV per share [1] Company Overview - Tetragon Financial Group is a Guernsey closed-ended investment company, with non-voting shares listed on Euronext in Amsterdam and traded on the London Stock Exchange [1] - The investment manager for Tetragon is Tetragon Financial Management LP [1] - Tetragon's non-voting shares have restrictions on ownership by U.S. persons and are not intended for European retail investors [1]
Genesis Energy, L.P. Announces Early Results and Initial Settlement Date for Tender Offer for Any and All of Its 7.750% Senior Notes Due 2028
Businesswire· 2026-03-05 11:00
Core Viewpoint - Genesis Energy, L.P. has announced the early results and initial settlement date for its tender offer for its 7.750% senior notes due 2028, indicating strong interest with tenders received for $415,942,000 of the outstanding notes [1] Group 1: Tender Offer Details - The tender offer received tenders for an aggregate principal amount of $415,942,000 of the 7.750% senior notes due 2028 as of the early tender deadline on March 3, 2026 [1] - The expected initial settlement date for the tender offer is March 5, 2026, with the offer set to expire on March 18, 2026, unless extended or terminated [1] - Holders of notes who validly tender their notes after the early tender deadline will receive the applicable tender offer consideration, which is the total consideration minus the early tender payment [1] Group 2: Financial Offerings - Genesis Energy, L.P. has priced a public offering of $750,000,000 in aggregate principal amount of 6.75% senior notes due 2034, up from the previously announced $500,000,000 [2] - The notes will be co-issued with Genesis Energy Finance Corporation, and the price to investors will be 100% of the principal amount of the notes [2]
MFS Investment Grade Municipal Trust Announces Tender Offer
Businesswire· 2026-03-04 21:20
Core Viewpoint - MFS Investment Grade Municipal Trust has announced a cash tender offer for up to 50% of its outstanding common shares at 99% of the Fund's net asset value, aimed at encouraging shareholder support for an upcoming reorganization with MFS Municipal Income Trust and providing liquidity to shareholders ahead of this reorganization [1]. Group 1: Tender Offer Details - The tender offer will be for up to 50% of the Fund's outstanding common shares, with a price per share set at 99% of the Fund's net asset value as of the close of trading on the expiration date [1]. - As of February 27, 2026, the Fund had 8,199,220 shares of common stock outstanding, 372 shares of preferred stock, and total net assets of $71.60 million, excluding preferred shares [1]. - The tender offer is contingent upon receiving necessary shareholder approval for the reorganization, which will be voted on at a special meeting scheduled for March 11, 2026 [1]. Group 2: Reorganization Context - The tender offer is part of a strategy to encourage shareholder support for the reorganization with MFS Municipal Income Trust, which is anticipated to occur around June 1, 2026, if approved [1]. - Further details regarding the reorganization are outlined in a joint prospectus/proxy statement dated January 29, 2026, which was mailed to shareholders in February 2026 [1]. Group 3: Conditions and Future Announcements - If the number of shares tendered exceeds the maximum amount of the tender offer, shares will be purchased on a pro-rata basis, meaning not all tendered shares may be accepted [1]. - Additional terms and conditions of the tender offer will be detailed in the offering materials filed with the SEC, and further information will be provided in future press releases [1].