Belk Inc A
Notes:
Odd Lot Provision: "Upon the terms and subject to the conditions of the Offer, we will accept for payment, without proration, all shares validly tendered on or prior to the Expiration Date by or on behalf of stockholders who beneficially held, as of the close of business on April 9, 2010, and continue to own beneficially as of the Expiration Date, an aggregate of fewer than 100 shares of Class A common stock and Class B common stock (“Odd Lot Owners”). However, to avoid proration, an Odd Lot Owner must validly tender all shares that the Odd Lot Owner beneficially owns. Partial tenders will not qualify for this preference. This preference is not available to holders of an aggregate of 100 or more shares of Class A common stock and Class B common stock, even if such holders have separate stock certificates for fewer than 100 shares. Any Odd Lot Owner wishing to tender all shares beneficially owned by him or her free of proration pursuant to this Offer must complete the section captioned “Odd Lots” in the Letter of Transmittal and, if applicable, on the Notice of Guaranteed Delivery."
Source of Funds: "We plan to obtain the funds needed for the Offer from cash on hand. We will not borrow any of the funds needed to complete the Offer."
May 27, 2010 - Cash for tendered shares was received.
