Franklin Covey
Notes:
Ticker: FC
"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), and except for each conditional tender whose condition was not met, which we will not purchase" Source: 7/29/2008 Tender Offer Statement
First discussed in the forum, under Franklin Covey plans Dutch Tender Offer.
Preliminary results: Based on a preliminary count by the depositary, the tender offer is oversubscribed and the Company expects to accept for purchase, on a pro rata basis, approximately 96.5% of the shares validly tendered at $9.25. Source: Press Release 8/28/2008
Final results: A total of 3,104,307 shares were validly tendered (including by guaranteed delivery procedures) and not withdrawn at a price of $9.25 per share or less. As a result, the depositary has informed the Company that, after giving effect to the priority for "odd lots" and conditional tenders whose conditions were not satisfied, the final proration factor for the tender offer is 97.5%. Source: Press Release 9/05/2008
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