Dutch auction


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Dutch auction

an auction in which the price is lowered by stages until a buyer is found
References in periodicals archive ?
As more fully described in the Offer to Purchase, the Total Consideration for each $1,000 principal amount of the Dutch Auction Notes validly tendered (and not validly withdrawn) at or prior to the Dutch Auction Early Tender Deadline and accepted for purchase will be equal to the sum of: (1) the "Base Price" for the Dutch Auction Notes, which is also equal to the minimum "bid price" and (2) the "Clearing Premium", which will be determined pursuant to a modified "Dutch Auction" by consideration of the "bid price" specified by each holder that tenders Dutch Auction Notes pursuant to the Offers.
The principal amount of securities to be purchased in the Dutch Auction offer will be equal to the amount, if any, by which the current principal amount outstanding of securities purchased through the Any and All offer is less than USD300m.
Pursuant to the terms of the Dutch Auction Offer, Motorola determined that the Clearing Premium for the Dutch Auction Offer is 25 basis points.
com, an Internet-based retailer of excess inventory and other low-priced items, used a Dutch auction to go public in 2002 to raise nearly $40 million, and has used it again to raise additional funds.
Lateescapes' John Andersen said: "Who better to spell out exactly how a countdown Dutch Auction works than Carol?
A Dutch auction allows a company to specify the number of shares it plans to repurchase within a set time frame, as well as a specific price range within which shareholders may tender their shares.
The Dutch Auction Offer Total Consideration for each series per each $1,000 principal amount of debt securities validly tendered and accepted for payment pursuant to the Dutch Auction Offer is based on the reference yield plus a base spread specified for the series minus a premium that is not less than zero basis points or greater than 25 basis points, as determined by the modified "Dutch Auction" procedure described in Motorola's Offer to Purchase dated May 24, 2010.
LMGI also announced the expiration and final results of its previously announced cash tender offer (the "Waterfall Offer" and, together with the Dutch Auction Offer, the "Offers") to purchase its 5.
The tender offers consist of two separate offers: an Any and All Offer and a Dutch Auction Offer.
modification of the Late Tender Offer Consideration applicable to the Dutch Auction Notes, such that it equals the applicable Full Tender Offer Consideration,
Marathon has set the maximum principal amount of debt to be purchased pursuant to the Dutch Auction Offer as $286,094,000.
75% Notes, the "Waterfall Notes"), each at a price determined by reference to a fixed spread above the bid-side yield on the applicable reference security (the "Waterfall Offer" and, together with the Dutch Auction Offer, the "Offers") and accepted in accordance with the acceptance priority level set forth in the table below.