While the process of "going public"--issuing securities under a registration statement filed with the SEC--has entered the business folklore, the dynamics of a Rule 144A offering
may be less familiar to insurance professionals, even internal legal start, particularly with mutual and other nonpublic insurers.
Consummation of the Exchange Offer, which presently expires March 15, 2007, and issuance of the Common Stock are subject to various conditions as described in the Offering
The exchange offer may be made only pursuant to the terms of an offering
circular, letter of transmittal and related exchange offer materials.
To facilitate the sale of the remaining shares, the Company has increased the stock purchase limitations as follows: the maximum amount that an eligible account holder, supplemental eligible account holder or other member may purchase in the offering
is 20,000 shares, the maximum amount that purchasers in the community offering
may purchase is 20,000 shares and the maximum amount that an individual, together with their associates and other persons acting in concert, may purchase in the offering
is 80,000 shares.
Concurrent with the pricing of the Senior Notes offering
, the Company also announced today that it has priced an offering
of $190 million aggregate principal amount of its 2.
The Offer to Purchase or any other offering
material relating to the Offer has not been and shall not be distributed to the public in France.
In addition to acquiring the requisite number of consents, the consummation of the tender offer and consent solicitation is conditioned upon, among other things, the receipt of gross proceeds of $200 million from the public offering
by the Company of the New Notes and customary closing conditions.
During the subsequent offering
period, holders of shares of Lowrance common stock that were not previously tendered into the offer may do so and Navico will promptly purchase any shares so tendered at $37.
Simrad Yachting also announced that Navico will provide a subsequent offering
period which will expire at 12:00 Midnight, New York City time on Friday, March 3, 2006, unless extended.
The acquisition is a further step in the expansion of our Plastic Packaging operations and will broaden our dispensing systems product offering
Adastra") and mail First Quantum's offering
circular and related documents to Adastra shareholders.
We see the merger of the two companies as offering
major benefits to both groups of shareholders.