Vicor Corp

Tender Price: 
$4
Tender max: 
$5
Ticker: 
VICR
Last Trade: 
$5.12
Potential Gain: 
-21.875%
Potential Gain Max: 
-2.34%
Tender amount: 
Up to 2,500,000 shares
Expires: 
Apr 22 2013 - 17:00
Financing: 
cash on hand
Phase: 
Completed

Notes:

Vicor Corporation is offering to purchase, for not more than $10,000,000 cash, shares of its common stock pursuant to (i) “Auction Tenders” at prices specified by the tendering holders of not more than $5.00 per Common Share nor less than $4.00 per Common Share, or (ii) “Purchase Price Tenders” made by tendering holders choosing not to specify a price at which such Common Share may be purchase by the Company.

Odd Lot Provision: If you own beneficially or of record fewer than 100 Common Shares, you properly tender all of these Common Shares at or below the Purchase Price before the Offer expires, and you complete the section entitled “Odd Lots” in the Letter of Transmittal, we will purchase all of your Common Shares without subjecting them to the proration procedure.

 

Source of Funds: The Offer is not conditioned upon obtaining financing or any minimum number of Common Shares being tendered. The Offer is, however, subject to a number of other terms and conditions. Assuming the Offer is fully subscribed, we expect the aggregate purchase price for the Common Shares, together with related fees and expenses, to be approximately $10,100,000. Vicor will fund any purchase of Common Shares pursuant to the Offer, including the related fees and expenses, from available cash.

Preliminary Results: Based on the preliminary count 1,001,602 shares of Common Stock were properly tendered and not withdrawn before the 5:00 pm expiration. An additional 342,983 shares of Common Stock have been tendered through notice of guaranteed delivery. Once the shares tendered through notice of guaranteed delivery have been presented for valid tender to the depositary, the number of shares validly tendered will increase by the number of such shares presented. All shares have been tendered at a price at or below $5.00. Accordingly, based on these preliminary results, Vicor expects to purchase up to 1,344,585 shares at a price of $5.00 per share, for a total cost of approximately $6.7 million, excluding fees and expenses relating to the tender offer.

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