what is a modified dutch auction

True strategic equivalence requires a modified model of the English ascending auction in which the price rises continuously with bidders choosing when to drop out. Dutch auction - definition of dutch auction by The Free ... Red Rock Resorts to pay dividend, buy $350M in stock ... Should I Sell My Stock In A Dutch Auction? - YouTube Red Rock Resorts to pay dividend, buy $350M in stock ... The Dutch Auction IPO is based on the Dutch Auction system developed for the tulip market in Amsterdam centuries ago. Self-tender - definition of self-tender by The Free Dictionary Eagle Bancorp Montana, Inc. Commences a Modified Dutch PROG Holdings, Inc. Announces Intention to Purchase up to ... Alternatively, a Dutch auction is known as a descending price auction or a uniform price auction. What Is a Dutch Auction IPO? - Slate Magazine Cascades Inc. GRAPEVINE, Texas, July 15, 2019 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) today announced the final results of its "modified Dutch auction" tender offer to purchase up to 12,000,000 shares of its Class A common stock, par value $0.001 per share. Most commonly, it means an auction in which the auctioneer begins with a high asking price in the case of selling, and lowers it until some participant accepts the price, or it reaches a predetermined reserve price.This type of price auction is most commonly used for goods that are required to be sold . PDF Hustings Walker - SEC It announced that it commenced a tender offer to . St. If there are 3 tulips to be sold and a group of potential buyers, each buyer bids how much they are willing to pay per tulip, and how many tulips they want. Critics say that reverse Dutch auctions harm trading relationships and are a race to the bottom. If the first person bids $5 for a tulip, the second person bids $5.50 . Box, Inc. (NYSE: BOX) (" Box "), the leading Content Cloud, today announced the final results of its "modified Dutch Auction" tender offer, which expired at 12:00 midnight, New York City time, at the end of the day on June 29, 2021. So what. The offer will expire at 5:00 pm ET on Wednesday, July 7, 2021, unless extended or earlier terminated by rue21 in its sole discretion. Non-competitive tender is for small investors, while competitive tender is for large institutional investors. The Dutch Auction IPO is based on the Dutch Auction system developed for the tulip market in Amsterdam centuries ago. Usually before the auction there is a catalog offered to the bidders so that they can become familiar with the items being sold and be able to prepare a bid. A modified Dutch auction tender offer occurs when the company wants to repurchase its shares. Announces Early Tender Results, Pricing and Upsizing of Modified Dutch Auction Tender Offers for Its 5.375% Senior Notes Due 2028 and 5.125% Senior Notes Due 2026 The Dutch auction usually begins with a company revealing the amount of shares for sale, as well as a potential price for the shares. If the first person bids $5 for a tulip, the second person bids $5.50 . One of the reasons that Google had choose this way of setting up their IPO, as opposed to the traditional way, which consists of investment bankers working with money managers to set up a price, was because . The company agreed to purchase a maximum of $350 million of its common stock in a "modified Dutch auction" process. This is an opportunity for qualifying stockholders to request a for more information on inventrust and the share repurchase program It means that once again, we are in new. Dutch auction: [noun] the public offer of property at a high price and then at gradually lowering prices until someone buys it. The auction will be for up to 12 million shares with a cash purchase price not greater than $6 per share and not . Qualcomm will begin repurchasing up to $10 billion of its shares. When there are no responses, the price is lowered continually until the first person places a bid. Announces Final Results of Its Mo. Regardless of their individual bids, all bidders pay the same price, which is determined by the highest bid that guarantees . Instead, Google plans an auction of its shares to raise up to $2.7 billion; a process open to all bidders. Stan has about 10% of his portfolio in ABBV pharmaceutical stock. The modified "Dutch Auction" tender offer allows stockholders to indicate how many shares of common stock and at what price (in increments of $5) within the range set forth above they wish to tender. The Dutch auction is named for its best known example, the Dutch tulip auctions; . What does reverse-dutch-auction mean? The price range for the tender offer has not yet been determined. Intends to launch a "modified Dutch auction" tender offer to repurchase up to 12,000,000 shares of Class A common stock at a purchase price of not greater than $6.00 and not less than $5.20 per share.. GRAPEVINE, Texas, June 10, 2019 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) today announced its plan to launch a "modified Dutch auction" tender offer to purchase up to 12,000,000 . The company said that the Offer is being made by way of a "modified Dutch auction" pursuant to which shareholders may tender all or a portion of their Shares at a price of not less . InvenTrust Properties Corp. In a Dutch auction, the auctioneer sets an extraordinarily high price and lowers it until someone bids on the item. The "modified Dutch auction" tender offer is expected to commence on September 16, 2020, and is intended to expire at 12:00 midnight, New York City time, at the end of Wednesday, October 14 . Marlton thinks the answer to this problem is a Modified Dutch Auction Tender Offer (MDATO) for GBTC shares, calling it a "well proven closed-end fund strategy that is often initiated by sponsors or managers for the purposes of closing discounts to NAV," in a statement accompanying its letter. MARION, N.Y. - Seneca Foods Corporation (NASDAQ: SENEA, SENEB) ("Seneca" or the "Company"), one of North America's leading providers of packaged fruits and vegetables with facilities located throughout the United States, today announced the final results of its modified Dutch auction tender offer, which expired at 6:00 p.m., New York . Announces Final Results of Its Modified "Dutch Auction" Tender OfferInvenTrust Properties Corp. What does Dutch auction expression mean? The share repurchase would be a "modified Dutch auction," a process that allows shareholders to declare the number of and price at . An auction that has one buyer and many sellers; the auctioneer raises the price from a low starting point until a bidder. A Dutch auction is a price discovery process in which the auctioneer starts with the highest asking price and lowers it until it reaches a price level where the bids received will cover the entire offer quantity. The "modified Dutch auction" tender offer is expected to commence on December 23, 2020, and is intended to expire at 12:00 midnight, New York City time, at the end of Monday, January 25, 2021, unless the offer is extended. Based on the final count by Computershare Trust Company, N.A., the depositary for the tender offer, a total of 9,248,694 shares of Box's Class A common . Instead of buying the stock on the open market or acquiring them in a private transaction, the company wants to make a statement. The offer allows purchase up to $75 million in value of its Class A common stock, par value $0.25 per share, at a price not greater than $46.00 nor . It also agreed to pay a $3-per-share dividend to shareholders of record as . Imagine the Dutch auction of a 100 share offering. A modified "Dutch auction" tender offer allows stockholders to indicate how many shares of Common Stock and at what price within the range described above they wish to tender their shares. A Dutch Auction is an offer to buy back shares for cash. Dutch Auctions are shareholder self-tenders which should be used almost exclusively in non-hostile environments. The company noted that along with a potential NYSE listing, it intends to commence a $100 million modified "Dutch Auction" tender offer. Tenders of Series D Shares must be made prior to the expiration of the tender offer and may be withdrawn at any time . The statement may be that they feel the stock is undervalued, that they wish to return excess cash to shareholders, or . The shares of Marathon Petroleum Corporation (NYSE:MPC) are up 2.7% to trade at $61.68 at last check, after the oil and gas company this morning announced a modified Dutch auction of $4 billion of . It works like this. Dutch auction phrase. hepatitis b visa rejection usa. Cascades completes $300 million modified Dutch auction tender offer. Cascades Inc. When all A spokesperson from underwriter Credit Suisse First Boston declined comment, but here's . dutch auction synonyms, dutch auction pronunciation, dutch auction translation, English dictionary definition of dutch auction. Question: An issuer and underwriter contemplate conducting an electronic offering by soliciting conditional offers, such as through a modified Dutch auction, prior to effectiveness of the registration statement. Tenders of Series D Shares must be made prior to the expiration of the tender offer and may be withdrawn at any time prior to . InvenTrust Properties Corp. The "modified Dutch auction" tender offer is expected to commence on April 19, 2021, and is intended to expire at 12:00 midnight, New York City time, at the end of Friday, May 14, 2021, unless the offer is extended. GameStop to Launch Modified Dutch Auction, Stock Rises From Post-Earnings Drop. The Offer will proceed by way of a "modified Dutch auction" procedure with a tender price range from C$85.00 to C$98.00 per Share, representing a 3% discount to a 12% premium over the Company's volume-weighted average price on the Toronto Stock Exchange over the last 10 trading days. Dutch Auctions. GameStop announced its plan to launch a "modified Dutch auction" tender offer to purchase up to 12,000,000 shares of its Class A common stock, par value $0.001 per share at a cash purchase price of not greater than $6.00 and not less than $5.20 per share. Shares of Hilltop Holdings Inc. HTH gained 12.5% yesterday, following the company's commencement of a modified "Dutch auction" tender offer. So what is a "modified Dutch auction," anyway? Isabella Bank Corporation (OTCQX: ISBA), (the "Corporation" or "Isabella") announced today that it has commenced a modified "Dutch auction" tender offer (the "Tender Offer") to purchase for cash up to $20,000,000 of shares of its common stock (the "Common Stock") at a price per share not less than $23.00 and not greater than $27.00, less any applicable withholding taxes and without interest. Armstrong Flooring updates the preliminary results of modified 'Dutch Auction' self-tender offer Armstrong Flooring announced the commencement of a modified "Dutch auction" self-tender offer to repurchase up to $50M in cash of shares of its common stock, at a price per share within the range of $11.70-$10.20, less applicable withholding taxes . FINDLAY, Ohio, May 17, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that it commenced a "modified Dutch auction" tender offer to purchase up to $4.0 billion of shares . Laurel Hill Advisory's voluntary programs allow shareholders who wish to sell their shares to select a price from among a range of prices set by the issuer.