Ikon Office Solutions

Stock Name:
Ikon Office Solutions Inc
Ticker:
IKN
Tender Offer Min:
13.00
Tender Offer Max:
15.00
Last Trade:
13.51
Potential Gain Min:
-3
Potential Gain Max:
11
Expires:
Wed, 2007-12-19 23:59
Tender Amount:
Up to $295,000,000 in Value of Shares of its Common Stock
Stage:
Completed
Details:

"At this time, the Company expects that it will purchase approximately 22.69 million shares in the offer, at an expected price of $13 per share, for a total cost of approximately $295 million, excluding fees and expenses related to the tender.  The preliminary proration factor for the tender offer is expected to be approximately 93.7%. " - 12/20/2007

"On December 4, 2007, the Company, Wachovia Investments and Wachovia Capital Markets, LLC, amended the Commitment Letter to delete, as a condition precedent to Wachovia Investment’s commitment to purchase the New Notes, the consummation of the Offer pursuant to documentation reasonably satisfactory to Wachovia Capital Markets, LLC." - 12/7/2007

"we will purchase all shares tendered at or below the purchase price on a pro rata basis, except for “odd lots” (of less than 100 shares), which we will purchase on a priority basis (though tenders of less than all of the shares owned by an odd lot holder will not qualify for this priority)" - 11/21/07