"If more than 2,000,000 shares are properly tendered and not properly withdrawn, we will purchase all shares tendered at or below the purchase price on a pro rata basis, except for “odd lots” (lots of less than 100 shares), which we will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 " - Source: Tender Offer Statement 08/18/2008

First discussed in the forum under CLRO odd lot tender.

Preliminary results: ClearOne expects to acquire approximately 1,344,000 shares of its common stock at a price of $5.00 per share for a total cost of approximately $6.8 million

Final results: ClearOne has accepted for purchase 1,342,620 shares of its common stock at a price of $5.00 per share, for a total cost including fees of approximately $6.75 million.

Split-Off Company: Reinsurance Group of America (RGA.B)
Parent Company: MetLife (MET)
Status: Tender offer commenced
Spinoff Business: reinsurance
Expires: September 11, 2008 - 23:59

Exchange Raio: For each $1.00 of MetLife common stock accepted in the exchange offer, the tendering stockholder will receive approximately $1.11 of RGA class B common stock. The final exchange ratio will equal the average of the daily volume-weighted average prices for MetLife common stock and RGA common stock, as applicable, on the New York Stock Exchange on the last three trading days of the originally contemplated exchange offer period.

The final exchange ratio was 1.2663 shares of RGA class B for each share of MET tendered.

Exchange Limit: 29,243,539 divided by the final exchange ratio.

Odd-Lot Preference: "All odd-lot shares will be accepted for exchange without proration if MetLife completes the exchange offer. " Source: Exchange Offer Prospectus - 08/14/08

SEC Filings:

Notes:

Ticker: EXTR

"Odd lots will be accepted for payment before any proration of the purchase of other tendered shares." Source: Tender Offer Statement 08/11/2008

Final Results: Extreme Networks has accepted for purchase 28,571,428 shares at a price of $3.50 per share pursuant to the Offer to Purchase. 9/19/2008

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

Based on this forum post.

"If, based on the purchase price we determine, more than $15,000,000 in value of shares are properly tendered and not properly withdrawn, we will purchase all shares tendered at or below the purchase price on a pro rata basis, except for “odd lots” (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)," Source: Tender Offer Statement 6/30/2008

Preliminary Results: CyberOptics expects to accept for payment 1,500,000 shares of its common stock, or approximately 18.3% of its outstanding shares at July 29, 2008, at a purchase price of $10.00 per share. Based on the preliminary count, an aggregate of 1,590,228 shares were properly tendered and not withdrawn at a price of $10.00 or less, including approximately 33,685 shares that were tendered through notice of guaranteed delivery.

Odd lot priority: "If more than 27,160,000 shares (or such greater number of shares as we may elect to purchase, subject to applicable law) are properly tendered and not properly withdrawn, we will purchase shares in the following order of priority: First, we will purchase all lots of less than 100 shares tendered in their entirety (“Odd Lots”) at the Purchase Price from shareholders who properly tender all of such shares at or below the Purchase Price and who do not properly withdraw those shares before the Expiration Date;" - 6/17/2008

Are there any conditions to the Offer?

Our obligation to purchase shares tendered depends upon a number of conditions that must be satisfied or waived by us, at or prior to the Expiration Date, including:

• No legal action shall have been instituted, threatened in writing, pending or taken that challenges or affects the Offer or could reasonably be expected to materially and adversely affect our and our subsidiaries’ business, properties, assets, liabilities, capitalization, shareholders’ equity, financial condition, operations, results of operations or prospects or otherwise materially impairs the contemplated
future conduct of our business or our ability to exercise full rights of ownership or purchase and hold all shares purchased in the Offer;