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AMC Networks Inc (AMCX) USD0.01

Sell:$23.14 Buy:$23.16 Change: $0.14 (0.61%)
NASDAQ:0.33%
Market closed |  Prices as at close on 20 October 2020 | Switch to live prices |
Tender Offer

AMC Networks Inc USD0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 30 Sep 2020)

What is happening?

 

AMC Networks Inc wants to return up to USD250 million to shareholders. To do this the company is offering to buy its shares at a price between USD22.50 and USD26.50.

Please see below for a breakdown of the Tender Offer:

 

• You can ask to sell (tender) some or all of your shares at a specific price which is not less than USD22.50, or greater than USD26.50 (in increments of USD0.10, e.g. USD22.50, USD22.60, USD22.70, USD22.80, etc.) Alternatively you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

• The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to USD250 million.

• If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

• If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender.

• Shareholders holding 99 shares or less who tender their entire holding at a price at or below the eventual purchase price will receive priority under the offer.

• You can make your election conditional on a minimum number of shares being successfully sold in the offer.

• Non-US resident shareholders who sell shares in the offer will receive some of the proceeds as income, subject to US Withholding Tax. The company has not stated how much of the proceeds will be treated as income.

• Any proceeds will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

What are my options?

 

You can choose whether you wish to tender shares in this offer. The easiest way to do this is online, and the deadline to give an instruction is noon on Thursday 8 October 2020.

 

Option 1 – Tender a number of shares at a price between USD22.50 and USD26.50 (in increments of USD0.10). In order to participate in this Tender Offer an election must be received in this office by noon on Thursday 8 October 2020, at which point your tendered shares will be removed from your portfolio. Any election must state the number of shares you wish to tender and the price at which you wish to tender. Any instruction given where the tender price is not specified in the additional comments box will be treated as an election to tender at the purchase price.

 

Option 2 - Tender a number of shares at the purchase price. Shareholders can tender their shares without specifying a price. Any election must state the number of shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of shares. If you don’t give as an instruction your shares won’t be tendered and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:$23.14
Buy:$23.16
Change: $0.14 (0.61%)
Market closed |  Prices as at close on 20 October 2020 | Switch to live prices |
Tender Offer

AMC Networks Inc USD0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 30 Sep 2020)

What is happening?

 

AMC Networks Inc wants to return up to USD250 million to shareholders. To do this the company is offering to buy its shares at a price between USD22.50 and USD26.50.

Please see below for a breakdown of the Tender Offer:

 

• You can ask to sell (tender) some or all of your shares at a specific price which is not less than USD22.50, or greater than USD26.50 (in increments of USD0.10, e.g. USD22.50, USD22.60, USD22.70, USD22.80, etc.) Alternatively you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

• The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to USD250 million.

• If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

• If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender.

• Shareholders holding 99 shares or less who tender their entire holding at a price at or below the eventual purchase price will receive priority under the offer.

• You can make your election conditional on a minimum number of shares being successfully sold in the offer.

• Non-US resident shareholders who sell shares in the offer will receive some of the proceeds as income, subject to US Withholding Tax. The company has not stated how much of the proceeds will be treated as income.

• Any proceeds will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

What are my options?

 

You can choose whether you wish to tender shares in this offer. The easiest way to do this is online, and the deadline to give an instruction is noon on Thursday 8 October 2020.

 

Option 1 – Tender a number of shares at a price between USD22.50 and USD26.50 (in increments of USD0.10). In order to participate in this Tender Offer an election must be received in this office by noon on Thursday 8 October 2020, at which point your tendered shares will be removed from your portfolio. Any election must state the number of shares you wish to tender and the price at which you wish to tender. Any instruction given where the tender price is not specified in the additional comments box will be treated as an election to tender at the purchase price.

 

Option 2 - Tender a number of shares at the purchase price. Shareholders can tender their shares without specifying a price. Any election must state the number of shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of shares. If you don’t give as an instruction your shares won’t be tendered and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:$23.14
Buy:$23.16
Change: $0.14 (0.61%)
Market closed |  Prices as at close on 20 October 2020 | Switch to live prices |
Tender Offer

AMC Networks Inc USD0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 30 Sep 2020)

What is happening?

 

AMC Networks Inc wants to return up to USD250 million to shareholders. To do this the company is offering to buy its shares at a price between USD22.50 and USD26.50.

Please see below for a breakdown of the Tender Offer:

 

• You can ask to sell (tender) some or all of your shares at a specific price which is not less than USD22.50, or greater than USD26.50 (in increments of USD0.10, e.g. USD22.50, USD22.60, USD22.70, USD22.80, etc.) Alternatively you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

• The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to USD250 million.

• If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

• If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender.

• Shareholders holding 99 shares or less who tender their entire holding at a price at or below the eventual purchase price will receive priority under the offer.

• You can make your election conditional on a minimum number of shares being successfully sold in the offer.

• Non-US resident shareholders who sell shares in the offer will receive some of the proceeds as income, subject to US Withholding Tax. The company has not stated how much of the proceeds will be treated as income.

• Any proceeds will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

What are my options?

 

You can choose whether you wish to tender shares in this offer. The easiest way to do this is online, and the deadline to give an instruction is noon on Thursday 8 October 2020.

 

Option 1 – Tender a number of shares at a price between USD22.50 and USD26.50 (in increments of USD0.10). In order to participate in this Tender Offer an election must be received in this office by noon on Thursday 8 October 2020, at which point your tendered shares will be removed from your portfolio. Any election must state the number of shares you wish to tender and the price at which you wish to tender. Any instruction given where the tender price is not specified in the additional comments box will be treated as an election to tender at the purchase price.

 

Option 2 - Tender a number of shares at the purchase price. Shareholders can tender their shares without specifying a price. Any election must state the number of shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of shares. If you don’t give as an instruction your shares won’t be tendered and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
$23.26
Trade high:
$23.46
Year high:
$48.49
Market capitalisation
Market cap.
:
$1.21 bn
Previous close:
$23.00
Trade low:
$23.05
Year low:
$19.65
Shares in issue
Shares
:
52.04 m
Previous:
$0.00 (0.00%)
Previous:
$0.00
Volume:
n/a
Dividend yield:
n/a
Currency:
USD
Data delayed by at least 15 minutes.
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Important Documents

There are no documents available for this stock.

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.