Sybase
Ticker: SY
"If 10,000,000 or more shares are tendered, we will purchase all shares tendered at or below the purchase price on a pro rata basis, except for “odd lots” (lots held by owners of less than 100 shares), which we will purchase on a priority basis, and except for each conditional tender whose condition was not met, which we will not purchase."
See original discussion of the Sybase tender offer in the forum.
Preliminary results: Based on the preliminary count by the depositary for the tender offer, Sybase expects to accept for payment an aggregate of 10,714,285 shares of its common stock at a purchase price of $28.00 per share. - 04/08/2008
Final results: Sybase has accepted for purchase 10,714,285 shares of common stock at a price of $28.00 per share. The proration factor was 23.9% of the shares tendered at a price of $28.00 per share, other than the “odd lot” shares properly tendered at the $28.00 purchase price.
- Login to post comments
