The price per share reflects a premium of 35% over LSC's 30-day volume-weighted average price
. The boards of both companies have approved the transaction, which is still subject to approval by LSC shareholders as well as other customary closing conditions and regulatory approvals.
The number of tendered shares equates to roughly 21% of Whitbread's issued share capital and the strike price is the average volume-weighted average price
plus 2% of average volume-weighted average price
The implied stock consideration of USD 8.25 per Nutrisystem share is based on the volume-weighted average price
of Tivity Health's stock for the 10 days ended December 3, 2018.
The company said that the daily volume-weighted average price
of the common stock was USD75.7962 on 20 February 2019, which marked the 20th trading day in the previous 30 consecutive trading days that the volume-weighted average price
of the common stock was above USD73 .388 (which is equal to 130% of the applicable conversion price for the convertible preferred stock).
This equity purchase agreement allows Triton Funds to convert the Series P preferred stock into common stock at a rate based on the five day volume-weighted average price
prior to the conversion date, or the stated market purchase price, times 75%.
The subscription price amounts to SEK133.33 per share, corresponding to the volume-weighted average price
for Catena Media's share on Nasdaq Stockholm during a period of 30 trading days up to and including 29 May 2018.
BPI's pricing carried a 21.6-percent discount to the 15-day volume-weighted average price
The purchase price represents a premium of 25.2% to TIO's 90-trading day volume-weighted average price
as of 13 February 2017, and 22.6% to the 20-trading day volume-weighted average price
as of 9 January 2017, the trading day immediately preceding the date TIO entered into exclusive negotiations with PayPal.
The cash tender offer of USD26 per share represents a 14.5 percent premium to Avolon's volume-weighted average price
last week (July 6 -- 10, 2015) and a 30 percent premium to Avolon's Initial Public Offering at USD20 per share in December 2014, reflecting the substantial embedded equity value of Avolon's existing portfolio and its sector-leading platform.
The offer equates to a premium of 64.3% over the volume-weighted average price
of Ciba shares over the last 60 trading days and a premium of 32% over the dosing share price on Sept.
The offer is 34% more than Datascope's volume-weighted average price
of $39.67 for the threemonth period ending June 3, the day before Datascope said it would explore a sale of the company.