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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.
LifeVantage is going the Dutch auction route for its current share repurchase effort. The company today launched the auction, in which it is soliciting offers to buy back up to $40 million of its ...
Polycom is about to shell out up to $250 million of its capital to repurchase its own common stock. The company has initiated a so-called "Dutch auction" to effect the buybacks. In such a tender ...
To undertake a stock buyback, a company typically announces a “repurchase authorization,” which details the size of the repurchase, either in terms of the number of shares it might buy, a ...
An auction rate security (ARS) typically refers to a debt instrument (corporate or municipal bonds) with a long-term nominal maturity for which the interest rate is regularly reset through a Dutch auction. Since February 2008, most such auctions have failed, and the auction market has been largely frozen.
Halliburton Announces Commencement of $3.3 Billion Modified Dutch Auction Tender Offer for Its Common Stock HOUSTON--(BUSINESS WIRE)-- Halliburton (NYS: HAL) announced today that it is commencing ...
Mexican shoot-out (also called 'Dutch auction). A variation on the Texas shoot-out (and slightly different from the traditional Dutch auction), the parties send in sealed bids indicating the minimum price that they would be prepared to sell their half share for. Whichever sealed bid is the higher "wins" and that bidder then buys the "loser's ...