Tender offer premium

Tender offer premium

The premium offered above the current market price in a tender offer.

Tender Offer Premium

A tender offer made above the fair market value of the offering.
References in periodicals archive ?
As a result of the debt extinguishment and tender offer premium, SXCP expects to recognize between $15 million to $18 million of additional interest and financing expense in second quarter 2014.
We follow Vermaelen (1981) and calculate the tender offer premium as the difference between the tender offer price and the closing stock price five days prior to the initial announcement of the tender offer standardized by the closing stock price five days prior to the offer for fixed-price offers.
Similar to Vermaelen (1981), we find CARs positively relate to the tender offer premium (the coefficient on PREMIUM is 0.
We also find that the information conveyed by the offer, measured by the post-expiration appreciation of the firm's stock, is contained in the tender offer premium, and that offer premiums are inversely related to firm size and to pre-offer stock performance.
The tender offer premium is based on Genzyme's July 1 stock price of $49.
Excluding the anticipated refinancing charge of approximately $70 million after-tax related to the tender offer premium and the write-off of unamortized deferred financing costs, our diluted earnings per share expectations for fiscal 2005 remain unchanged.
Budget Group announced that, giving effect to the make-whole payment on the Budget Notes, the tender offer premium of approximately $25 million on the Ryder TRS Notes and related charges, it expects to incur after tax extraordinary or non-recurring charges of $47 million during the quarter ending June 30, 1998.
2 Nonrecurring Expense Items: Cash Tender Offer Premium (2) -- -- 34.
During the third quarter, the Company expects to incur expenses related to the refinancing transactions of approximately $6 million, including the write-off of unamortized deferred financing costs associated with the original $175 million 9 1/2% senior notes issue, the tender offer premium, the call premium and other costs.
The $47 million charge includes the tender offer premium of $34 million, fees and expenses of $2 million, and an $11 million non-cash charge for the write-off of deferred financing fees.
One of Largest Tender Offer Premiums Ever in Japan Firm that Achieved the Sale of Other Company at 119% Premium in 2010 Accomplishes Similar Feat
30 per diluted share) to reflect tender offer premiums paid and the prior unamortized debt issuance fees.