Latest news with #tenderoffer
Associated Press
a day ago
- Business
- Associated Press
Update on the Simplified Tender Offer and Squeeze-out on NHOA
TAIPEI, Taiwan--(BUSINESS WIRE)--Jun 1, 2025-- Reference is made to the simplified tender offer (the Offer) and squeeze-out transaction completed on December 10, 2024, by TCC Europe Holdings B.V. (formerly known as Taiwan Cement Europe Holdings B.V.) (TCEH), an indirect subsidiary of TCC Group Holdings Co., Ltd (TWSE: 1101), on the shares of NHOA S.A. (NHOA), pursuant to the clearance decision ( conformité ) of the French Autorité des marchés financiers dated November 5, 2024 (AMF Notice no. 224C2193). Former NHOA shareholders are hereby informed that NHOA Corporate S.r.l. (NHOA Corporate) has exercised its put option to sell its stake in Free2Move eSolutions S.p.A. (F2MeS) to Stellantis Europe S.p.A. (Stellantis) on June 1, 2025, as further detailed in Section 2.2.1 of the Offer document. Consequently, pursuant to the terms of the Offer document, NO conditional price supplement ( complément de prix conditionnel ) of EUR 0.65 per NHOA share (the Conditional Price Supplement) is payable to the holders of the financial securities materializing the rights to the Conditional Price Supplement (the Financial Securities). Holders of the Financial Securities will be informed of the completion of the sale of NHOA Corporate's stake in F2MeS to Stellantis by means of a financial notice via Euroclear France. The Financial Securities, which are admitted to the operations of Euroclear France, will lapse on June 3, 2025. Ledouble, acting as independent expert for the purposes of the Offer, has been informed of the exercise of NHOA Corporate's put option. View source version on Francesca Sorgoni, HEAD OF CORPORATE GOVERNANCE AND E&C, +39 0230552981 KEYWORD: TAIWAN ASIA PACIFIC INDUSTRY KEYWORD: GREEN TECHNOLOGY ENERGY ENVIRONMENT SUSTAINABILITY UTILITIES SOURCE: NHOA Copyright Business Wire 2025. PUB: 06/01/2025 02:00 PM/DISC: 06/01/2025 02:01 PM
National Post
5 days ago
- Business
- National Post
Colombian Superintendent of Finance Issues Notice of Public Tender Offer for Mineros Shares, Halts Trading on Colombia Stock Exchange; Sun Valley Investments AG Announces Private Share Purchase Agreement
Article content MEDELLÍN, Colombia — Mineros S.A. (TSX:MSA, MINEROS:CB) (' Mineros ' or the ' Company ') announces that the Colombian Superintendent of Finance (' SFC ') has issued a public notice (the ' SFC Notice ') announcing the filing with the SFC of an application to make a tender offer in Colombia to acquire between 8% and 11% of the issued and subscribed ordinary shares of Mineros (' Mineros Shares ') through the Colombia Stock Exchange (' BVC ') at an offer price of $5,500 Colombian pesos per share (the ' Offer '). Article content Article content In accordance with Colombian laws regulating public tender offers, the SFC Notice was issued following the receipt by the SFC of notice of the offeror's intention to make the Offer, together with supporting documentation for review. The Offer cannot be made or accepted by shareholders until it is approved by the SFC and additional prescribed requirements are satisfied. Receipt of SFC approval will be contingent on the offeror satisfying the SFC that the Offer complies with applicable regulations, and complies with certain formalities, including providing a performance guarantee covering a certain percentage of the aggregate purchase price for the Mineros Shares that are the subject of the Offer. The BVC announced on Tuesday, May 27, 2025 that Sun Valley Investments AG (' Sun Valley ') has submitted such a performance guarantee in connection with the Offer. Article content The SFC is required to provide comments on the Offer to the offeror within five business days after receiving the offeror's submission (the ' Initial Comment Period '). Colombian laws require the offeror to publish notice of the Offer (an ' Offer Notice ') within five business days following expiry of the Initial Comment Period if SFC does not provide comments or within five business days following the SFC authorization of the Offer, such notice must be published two additional times. In accordance with Colombian laws, trading in Mineros Shares on the BVC was halted upon the issuance of the SFC Notice, and will remain suspended until the day following the first publication of the Offer Notice. The Company does not expect trading in Mineros Shares on the TSX to be halted. Article content Yesterday, Sun Valley announced that it has entered into a share purchase agreement (the ' Agreement ') with Corporación Financiera Colombiana S.A. (' Corficolombiana ') to acquire 23,850,263 Mineros Shares (the ' Acquired Shares '), representing approximately 8.0% of the issued and outstanding Mineros Shares, at a purchase price of 5,500 Colombian pesos per Acquired Share, subject to prior satisfaction of certain conditions precedent. The Agreement contemplates purchases of Acquired Shares may be made through various purchase mechanisms, including tender offers in Colombia and private secondary market transactions in Canada. Sun Valley announced that the Agreement obligates Corficolombiana to sell exclusively to Sun Valley. Sun Valley reports that it currently owns 172,122,705 Mineros Shares representing approximately 57.4% of the Mineros Shares. Upon closing of the transactions contemplated by the Agreement, Sun Valley expects to own 195,972,968 Mineros Shares, representing approximately 65.4% of the Mineros Shares. If the Offer is successful, and assuming that all of the Acquired Shares are acquired from Corficolombiana through the Offer, Sun Valley could acquire additional Mineros Shares from other sellers representing up to a further 3.0% of the outstanding Mineros Shares, which would bring its interest in Mineros to a maximum of approximately 68.4% of the Mineros Shares. Article content Mineros is a gold mining company based in Medellin, Colombia. The company has a diversified asset base, with relatively low-cost mines in Colombia and Nicaragua and a portfolio of development and exploration projects throughout the region. Article content Mineros' board of directors and senior management have extensive experience in mining, corporate development, finance and sustainability. Mineros has a long history of maximizing shareholder value and paying strong annual dividends. For 50 years, Mineros has operated with a focus on safety and sustainability throughout its operations. Article content Mineros common shares are listed on the Toronto Stock Exchange under the symbol 'MSA' and on the Colombia Stock Exchange under the symbol 'MINEROS'. Article content The Company has been granted an exemption from the individual voting and majority voting requirements applicable to listed issuers under Toronto Stock Exchange policies, on grounds that compliance with such requirements would constitute a breach of Colombian laws and regulations which require the directors to be elected on the basis of a slate of nominees proposed for election pursuant to an electoral quotient system. For further information, please see the Company's most recent annual information form, available on the Company's website at and from SEDAR+ at This news release contains 'forward looking information' within the meaning of applicable Canadian securities laws. Forward looking information includes statements that use forward looking terminology such as 'may', 'could', 'would', 'will', 'should', 'intend', 'target', 'plan', 'expect', 'budget', 'estimate', 'forecast', 'schedule', 'anticipate', 'believe', 'continue', 'potential', 'view' or the negative or grammatical variation thereof or other variations thereof or comparable terminology. Such forward looking information includes, without limitation, statements with respect to the Offer, including its terms, timing, potential regulatory approval, and participants; statements with respect to the terms of the Agreement and completion of the transactions that it contemplates; halting and resumption of trading of Mineros Shares on the TSX and BVC; the Company's planned exploration, development and production activities; and any other statement that may predict, forecast, indicate or imply future plans, intentions, levels of activity, results, performance or achievements. Article content Forward looking information is based upon estimates and assumptions of management considering management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this news release. While the Company considers these assumptions to be reasonable, the assumptions are inherently subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking information. Many assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. Article content For further information of these and other risk factors, please see the 'Risk Factors' section of the Company's annual information form dated March 31, 2025, available on the Company's website at SEDAR+ at The Company cautions that the foregoing lists of important assumptions and factors are not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward looking information contained herein. There can be no assurance that forward looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward looking information. Article content Article content Article content Article content Article content Contacts Article content For further information, please contact: Article content Ann Wilkinson VP of Investor Relations +1 (647) 496-3011 Article content Article content Article content
Associated Press
5 days ago
- Business
- Associated Press
The ANB Corporation Announces Extension and Amendment of Tender Offer
TERRELL, Texas--(BUSINESS WIRE)--May 28, 2025-- The ANB Corporation (the 'Company') today announced that the expiration date of the previously announced tender offer for up to 2,000 shares of the Company's common stock has been: (1) extended until 9:00 a.m., Central Daylight Time, on June 5, 2025, unless the tender offer is further extended or earlier terminated, and (2) amended to increase the number of shares to be tendered from a maximum of 2,000 shares of the Company's common stock to a maximum of 3,000 shares of the Company's common stock. The tender offer was made by the Company pursuant to an Offer to Purchase, dated April 22, 2025, and the related Letter of Transmittal (together, the 'Tender Offer Materials'). The tender offer has been extended and the maximum amount of shares to be purchased by the Company has been increased in order to give all of the Company's shareholders who desire to participate in the tender offer the opportunity to do so. The tender offer was previously set to expire at 9:00 a.m., Central Daylight Time, May 22, 2025. Other than the extension of the expiration date and the amendment to increase the maximum amount of shares to be purchased by the Company to 3,000 shares, all substantive terms of the previously announced tender offer, as described in the Tender Offer Materials, remain unchanged. As of 9:00 a.m., Central Daylight Time, on May 22, 2025, an aggregate of approximately 7,275 shares of Company common stock had been tendered pursuant to the previously announced tender offer. The Company is making the tender offer only by, and pursuant to, the terms of the Tender Offer Materials (pursuant to which the expiration date of the tender offer has been extended until 9:00 a.m., Central Daylight Time, on June 5, 2025, and the maximum number of common shares to be repurchased is 3,000). The Company does not make any recommendations as to whether holders of common shares should tender or refrain from tendering their common shares. Holders must make their own decision as to whether to participate in the tender offer and, if so, the number of common shares to tender. About The ANB Corporation The ANB Corporation is privately owned and serves as the bank holding company for the American National Bank of Texas (ANBTX), a community bank with locations throughout North Texas, serving Collin, Dallas, Hunt, Johnson, Kaufman, Rockwall, Tarrant, and Van Zandt Counties. As a community bank, American National Bank of Texas offers traditional banking products and services to individuals, businesses and municipal governments, as well as individual and corporate trust, investment and estate planning services through their Wealth Management Group. ANBTX has consistently been ranked one of the Top Workplaces DFW by The Dallas Morning News. Visit American National Bank of Texas online at Member FDIC. Forward-Looking Statements This press release contains statements about future events that constitute forward-looking statements. Forward-looking statements may be identified by reference to time periods or by the use of the words 'believe,' 'expect,' 'anticipate,' 'intend,' 'estimate,' 'assume,' 'will,' 'should,' 'plan,' and other similar terms or expressions. Forward-looking statements should not be relied on because they involve known and unknown risks, uncertainties and other factors, some of which are beyond the control of The ANB Corporation. These risks, uncertainties and other factors may cause the actual results, performance and achievements of The ANB Corporation to be materially different from the anticipated future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statements contained in this press release, including statements related to the tender offer, are made as of the date of this press release, and we undertake no duty, and specifically disclaim any duty, to update or revise any such statements, whether as a result of new information, future events or otherwise, except as required by applicable law. View source version on Customer Service — 1-800-837-6584 KEYWORD: TEXAS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: The ANB Corporation Copyright Business Wire 2025. PUB: 05/28/2025 10:06 AM/DISC: 05/28/2025 10:05 AM
Zawya
6 days ago
- Business
- Zawya
Egypt: EGX announces extension of tender offer period for EGYFERT
Arab Finance: The Egyptian Exchange (EGX) has announced amendments to the mandatory tender offer submitted by the UAE-based Nas Investment Holding to acquire shares in Samad Misr (EGYFERT), as per a disclosure. The offer, under which the Emirati company seeks to purchase up to 5.520 million shares, representing 57.50% of the issued shares and completing 90% of the total issued shares, was originally priced at EGP 95 per share. Following approval from the Financial Regulatory Authority (FRA), the tender offer price has been revised to EGP 102 per share. Additionally, the offer period, previously extended to May 29th, 2025, has been further extended by one business day, with the final deadline now set for the end of the trading session on Sunday, June 1st, 2025. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
26-05-2025
- Business
- Yahoo
FRONTERA ENERGY CORPORATION ANNOUNCES EARLY TENDER DATE RESULTS AND EXTENSION OF THE EARLY TENDER DATE AND CONSENT DEADLINE OF THE TENDER OFFER AND CONSENT SOLICITATION FOR ITS OUTSTANDING 7.875% SENIOR NOTES DUE 2028
CUSIP 35905B AC1 (144A) / C35898 AB8 (Reg S) ISIN: US35905BAC19 (144A) / USC35898AB82 (Reg S) TORONTO, May 26, 2025 /CNW/ - Frontera Energy Corporation (TSX: FEC) (the "Company" or "Frontera") today announced that, as of 5:00 p.m., New York City time, on May 23, 2025 (the "Early Tender Date and Consent Deadline"), holders of U.S.$124,134,000 aggregate principal amount of its outstanding 7.875% Senior Secured Notes due 2028 (the "Notes"), had either tendered their Notes or provided their standalone Consents in the Company's previously announced cash tender offer (the "Offer") and consent solicitation (the "Solicitation"), made upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated as of May 9, 2025 (the "Offer to Purchase"). Capitalized terms used but not defined in this press release have the meaning set forth in the Offer to Purchase. As of the Early Tender Date and Consent Deadline, the Requisite Consents to the Proposed Amendments have not yet been received. The Company hereby announces that it is extending the Early Tender Date and Consent Deadline (originally set at 5:00 p.m., New York City time, on May 23, 2025), until 5:00 p.m., New York City time, on June 9, 2025 (the "Extended Early Tender Date and Consent Deadline"), which will be the same date and time as the Expiration Time. Withdrawal rights for the Offer and the Solicitation expired at 5:00 p.m., New York City time, on May 23, 2025 (the "Withdrawal Deadline"). Notes that have been validly tendered and not validly withdrawn, and consents that have been validly delivered and not validly revoked, at or prior to the Withdrawal Deadline cannot be withdrawn, except as may be required by applicable law. Holders who validly tendered and did not validly withdraw their Notes at or prior to the Early Tender Date and Consent Deadline are eligible to receive the Total Consideration with respect to their Notes, which includes the Early Tender and Consent Payment, as described and subject to the conditions set forth in the Offer to Purchase, and accrued and unpaid interest from, and including, the last interest payment date for the Notes to, but excluding, the Final Settlement Date (as defined below). Holders who validly tender their Notes at or prior to the Extended Early Tender Date and Consent Deadline and whose Notes are accepted for purchase pursuant to the Offer will also be eligible to receive the Total Consideration, and accrued and unpaid interest from, and including, the last interest payment date for the Notes to, but excluding, the Final Settlement Date. There will be no separate Tender Offer Consideration. Any Notes validly tendered or consents validly provided on or after the Withdrawal Deadline may not be withdrawn. Consummation of the Offer and the Solicitation and payment for the Notes tendered and consents delivered is subject to the satisfaction or waiver of conditions set forth in the Offer to Purchase. These conditions have not yet been satisfied in full, and the Company has the right, in its sole discretion, to amend or terminate the Offer and/or the Solicitation at any time, and settlement for all Notes tendered and consents delivered at or prior to the Extended Early Tender Date and Consent Deadline is contingent on the satisfaction or waiver of these conditions. Notwithstanding the above, the Financing Condition has been satisfied, as announced by the Company on May 14, 2025. There will be no Early Settlement Date. Settlement for the Notes validly tendered (and not validly withdrawn) at or prior to the Extended Early Tender Date and Consent Deadline, up to the Maximum Tender Amount, is expected to occur on June 11, 2025 (the "Final Settlement Date"), subject to the satisfaction or waiver of the conditions referred to above. The Company reserves the right to increase or decrease the Maximum Tender Amount at its reasonable discretion, although no assurance can be given that the Maximum Tender Amount will be increased or decreased. Settlement of all tendered Notes will be subject to proration as set forth in the Offer to Purchase. For the avoidance of doubt, all Notes tendered after the Early Tender Date and Consent Deadline and at or prior to the Extended Early Tender Date and Consent Deadline will be prorated equally in conjunction with all Notes tendered at or prior to the Early Tender Date and Consent Deadline. Settlement for the consents validly delivered (and not validly revoked) without tendering Notes at or prior to the Extended Early Tender and Consent Deadline, is expected to occur on June 11, 2025 (the "Solicitation Settlement Date"), which is the same date as the Final Settlement Date. Unless otherwise amended as expressly described above in this press release, the terms and conditions of the Offer to Purchase remain the same. The terms and conditions of the Offer and the Solicitation are described in the Offer to Purchase, as supplemented and amended by this announcement. The Company's obligations to accept any Notes validly tendered and not validly withdrawn and to pay the Total Consideration for them, and the conditions to such obligations are set forth in the Offer to Purchase, as supplemented and amended by this announcement. The Offer and the Solicitation are made by, and pursuant to the terms of, the Offer to Purchase, and the information in this announcement is qualified by reference to the Offer to Purchase. Citigroup Global Markets Inc. and Itau BBA USA Securities, Inc. are acting as dealer managers for the Offer and solicitation agents for the Solicitation (the "Dealer Managers and Solicitation Agents"). The information and tender agent is Morrow Sodali International LLC, trading as Sodali & Co (the "Information and Tender Agent"). Requests for documentation should be directed to the Information and Tender Agent at the offer website: Questions regarding the Offer or the Solicitation should be directed to the Dealer Managers and Solicitation Agents at (212) 723-6106 (for Citigroup) or (212) 710-6749 (for Itaú BBA). This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. The Offer and the Solicitation are being made only pursuant to the Offer to Purchase. None of the Company, the Dealer Managers and Solicitation Agents or the Information and Tender Agent makes any recommendation as to whether holders should tender or refrain from tendering their Notes or delivering their consents. Holders must make their own decision as to whether to tender Notes (and, if so, the principal amount of Notes to tender) and/or deliver consents. Based on publicly available information, The Catalyst Capital Group Inc., which manages funds (the "Catalyst Funds") that hold approximately 40.97% of the common shares of the Company, exercises control or direction over U.S.$8 million principal amount of the Notes. The Company holds U.S.$6 million principal amount of the Notes. The Notes held by the Company are not subject to the Offer or the Solicitation. The Notes held by the Company and the Catalyst Funds will not be considered outstanding for purposes of calculating the Requisite Consents to the Proposed Amendments. About Frontera: Frontera Energy Corporation is a Canadian public company involved in the exploration, development, production, transportation, storage and sale of oil and natural gas in South America, including strategic investments in both upstream and midstream facilities. The Company has a diversified portfolio of assets which consists of interests in 22 exploration and production blocks in Colombia, Ecuador and Guyana, and in pipeline and port facilities in Colombia. Frontera's common shares are listed for trading in the Toronto Stock Exchange under the ticker symbol "FEC." The Company is committed to conducting business safely and in a socially and environmentally responsible manner. If you would like to receive News Releases via e-mail as soon as they are published, please subscribe here: Advisories: Cautionary Note Concerning Forward-Looking Statements This news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the timing and terms of the Offer and Solicitation) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: failure to meet all conditions of the Offer and Solicitation (including the receipt of the Requisite Consents); level of participation in the Offer and Solicitation; the newly imposed U.S. trade tariffs affecting over 50 countries and escalating tensions with China; the impact of the Russia-Ukraine conflict and conflict in the Middle East; actions of the Organization of Petroleum Exporting Countries (OPEC+); liabilities inherent with the exploration, development, exploitation and reclamation of oil and natural gas; uncertainty of estimates of capital and operating costs, production estimates and estimated economic return; uncertainties associated with estimating oil and natural gas reserves; failure to establish estimated resources or reserves; volatility in market prices for oil and natural gas; fluctuation in currency exchange rates; inflation; changes in equity markets; perceptions of the Company's prospects and the prospects of the oil and gas industry in Colombia and other countries where the Company operates or has investments; uncertainties relating to the availability and costs of financing needed in the future; the Company's ability to complete strategic initiatives or transactions to enhance the value of its securities and the timing thereof; the Company's ability to access additional financing; the ability of the Company to maintain its credit ratings; the ability of the Company to meet its financial obligations and minimum commitments, fund capital expenditures and comply with covenants contained in the agreements that govern indebtedness; political developments in the countries where the Company operates; the uncertainties involved in interpreting drilling results and other geological data; timing on receipt of government approvals; the inability of the Company to reach an agreement with the Government of Guyana in respect of the Company and its joint venture partner's interests in, and the petroleum prospecting license for, the Corentyne block; and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's annual information form dated March 10, 2025 filed on SEDAR+ at Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. View original content: SOURCE Frontera Energy Corporation View original content:
