Notes:

Odd lot provision: "first, we will purchase all Shares properly tendered and not properly withdrawn by any odd lot holder (holders of “odd lots” of less than 100 Shares) who: tenders all Shares owned beneficially or of record by such odd lot holder at a price at or below the Final Purchase Price (tenders of less than all of the Shares owned by such odd lot holder will not qualify for this preference); and completes the box entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery;"

Source of funds: Financing by issuing senior notes which is a lot of debt which made the rating agencies issue a downgrade.

Final results: "Amgen has accepted for purchase 83,333,333 shares of its common stock at a price of $60.00 per share, for an aggregate cost of approximately $5 billion, excluding fees and expenses relating to the tender offer. These shares represent approximately 9.5 percent of the shares outstanding. The tender offer was oversubscribed and pursuant to the terms of the tender offer, shares will be accepted on a pro rata basis, except for tenders of odd lots, which will be accepted in full. Amgen has been informed by the depositary that the proration factor for the tender offer is approximately 87.79 percent."

Notes:

The Malaysia Fund, Inc. (the "Fund") is offering to purchase up to 5% of its outstanding Shares, or 377,214 of its outstanding Shares of Common Stock, for cash at a price per Share equal to 98% of the per Share net asset value ("NAV") as of the close of regular trading on the New York Stock Exchange ("NYSE") on November 15, 2011 (or, if the Offer is extended, on the following business day after the date to which the Offer is extended) (the "Pricing Date") upon specified terms and subject to conditions as set forth in the Offer documents.

Odd Lot Provision: "If more than 377,214 Shares are duly tendered pursuant to the Offer (and not withdrawn as provided in Section 4), unless the Fund determines not to purchase any Shares, the Fund will purchase Shares from tendering Stockholders, in accordance with the terms and conditions specified in the Offer, on a pro rata basis (disregarding fractions), in accordance with the number of Shares duly tendered by or on behalf of each Stockholder (and not so withdrawn); however, the Fund will accept all Shares tendered by any Stockholder who owns, beneficially or of record, an aggregate of not more than 99 Shares and who tenders all such Shares by means of the Letter of Transmittal tendered by or on behalf of that Stockholder."

Notes:

Gleacher & Co had previously offered to buy 10M shares at $1.30 - 1.55, scheduled to expire yesterday. Today they reduced both the size (6M shares) and the price range ($1.25 -1.35), with an extended expiration date of Nov 22nd.

Odd lot provision: "If more than 6 million shares are tendered, all shares tendered will be purchased on a pro rata basis, except for "odd lots" (lots held by owners of fewer than 100 shares), which will be purchased on a priority basis. The tender offer is not conditioned on any minimum number of shares being tendered, but it is subject to other conditions."

Notes:

White Mountains Insurance Group, Ltd. (the "Company") is offering to purchase up to 300,000 of its common shares at a purchase price not greater than $425 or less than $385 per share, net to the seller in cash, less any applicable withholding taxes and without interest. The Company's common shares closed on the New York Stock Exchange at $411.12 per share on October 13, 2011. The offer is being made to utilize a portion of the Company's undeployed capital and to provide shareholders with added liquidity.

Odd Lot Provision: "First, we will purchase all "odd lots" of less than 100 Shares at the Purchase Price from shareholders who properly tender all of their Shares at or below the Purchase Price and who do not properly withdraw them before the Expiration Date"

Source of Funds: "Assuming that the maximum number of Shares are tendered in the Offer and the Purchase Price is an amount between $385 and $425 per share, the aggregate purchase price for the Shares will be between approximately $115,500,000 and $127,500,000. The Company intends to fund the purchase of Shares with available cash, including cash from the sale of liquid investments."

Notes:

Morgan Stanley Asia-Pacific Fund, Inc. (the "Fund") is offering to purchase up to 5% of its outstanding Shares, or 1,084,594 of its outstanding Shares of Common Stock, for cash at a price per Share equal to 98% of the per Share net asset value ("NAV") as of the close of regular trading on the New York Stock Exchange ("NYSE") on November 15, 2011 (or, if the Offer is extended, on the following business day after the date to which the Offer is extended) (the "Pricing Date") upon specified terms and subject to conditions as set forth in the Offer documents.

Odd Lot Provision: If more than 1,084,594 Shares are duly tendered pursuant to the Offer (and not withdrawn as provided in Section 4), unless the Fund determines not to purchase any Shares, the Fund will purchase Shares from tendering Stockholders, in accordance with the terms and conditions specified in the Offer, on a pro rata basis (disregarding fractions), in accordance with the number of Shares duly tendered by or on behalf of each Stockholder (and not so withdrawn); however, the Fund will accept all Shares tendered by any Stockholder who owns, beneficially or of record, an aggregate of not more than 99 Shares and who tenders all such Shares by means of the Letter of Transmittal tendered by or on behalf of that Stockholder.

Notes:

Initially discussed in the forum under the thread titled, BYI - Tender offer with odd lot priority.

Bally Technologies Inc., a gaming equipment and casino management company, is launching a tender offer for up to $400 million worth of its common stock.

The company said the offer will commence Friday and expire May 6.

The modified "Dutch auction" tender offer allows stockholders to indicate how many shares and at what price they will turn them over. The company will consider paying anywhere from $34.50 to $40.00 per share. The actual number of shares and price depends on what shareholders are willing to accept. All shares purchased by Bally will be purchased at the same price.

If the tender offer is fully subscribed, then $400 million in value of common stock will be purchased, representing nearly 19 to 22 percent of its outstanding shares.

Bally's directors and executive officers do not intend to tender their shares in the offer.