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 ?
The Dutch Auction Offer, which commenced on 21 April 2016 and will expire on 18 May 2016, was oversubscribed at 5pm, New York City time, on 4 May 2016 and therefore only $141 million of Dutch Auction Securities will be purchased.
Nathan's Famous Inc (Nasdaq:NATH) announced on Friday that it plans to commence a modified Dutch Auction tender offer to purchase for cash up to 500,000 shares of its common stock, USD0.
The total consideration payable for each $1,000 principal amount of Dutch Auction Notes will be determined based on a modified "Dutch Auction" procedure.
Unlike traditional (English) bidding in which the price goes up and bidders have an opportunity to increase their bids, the dynamics for a Dutch auction are very different.
The Dutch Auction offer was for Delta Air Lines Inc Pass Through Certificates, Series 2007-1C and Delta Air Lines Inc 11 3/4% Senior Second Lien Notes due 2015.
The company has offered to acquire up to USD150,000,000 in aggregate principal amount of the senior notes in accordance with the modified Dutch Auction procedures.
Some items such as coloring books, puzzles and certain seasonal products are purchased specifically to go in the Dutch auction.
In Dutch auctions or uniform price auctions, successful bidders pay only the price of the lowest accepted bid rather than the actual price as in a conventional multiple-price auction.
took its firm's stock public for the first time using a Dutch auction process.
Like a typical Dutch auction, the price falls, so the skill of buying is knowing when to press the buzzer.
The Funded Alternative: Funding for the transaction is generated through the placement of the notes on either a full-term basis or on a short-term basis through a Dutch auction or tender option process.
Dutch auction initial public offerings are all the talk of Wall Street, thanks to Google Inc.