NEW YORK - illiNews -- Ponos Industries LLC ("Purchaser") announces an amendment to its previously-announced tender offer (the "Offer") to acquire up to 14,000,000 shares of common stock (the "Shares") of AT&T Inc. for $36.00 per Share (the "Offer Price"), less dividends since September 10, 2018, such that the Offer will expire at 5:00 p.m., New York City time, on Monday, October 21, 2019, unless extended or earlier terminated (the "Expiration Date"). The Offer was previously scheduled to expire at 5:00 p.m., New York City time, on Friday, November 8, 2019. All other terms and conditions of the Offer remain unchanged.
As of 5:00 p.m., New York City time, on Friday, October 11, 2019, approximately 1,400,000 Shares had been tendered and not withdrawn from the Offer.
The Offer is subject to closing conditions set forth in the Offer to Purchase, dated September 10, 2018, including the closing price of the Shares on the NYSE on the last full trading day prior to the Expiration Date exceeding the Offer Price and Purchaser obtaining financing necessary to fund Purchaser's financial obligations arising from the Offer.
This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell shares or any other securities. The Offer to Purchase common stock of AT&T Inc. is only being made pursuant to the Offer to Purchase and Letter of Transmittal with respect to the Offer, as such documents may be supplemented and amended from time to time. Shareholders are urged to read these materials carefully because they contain important information, included the terms and conditions of the Offer, that shareholders should consider before making any decision regarding tendering their Shares. Shareholders can obtain a copy of the Offer to Purchase and Letter of Transmittal with respect to the Offer by contacting the information agent at (888) 422-4311 OR INFOAGENT@ponoscapital.com. Copies of materials and any documentation must not be mailed, distributed or sent in, into or from any jurisdiction where to do so would be unlawful.
More on illi News
Ponos Industries LLC is a private investment company that invests in publicly traded securities whose value it expects to appreciate over a 12-month period.
Forward Looking Statements
Statements included in this press release that are not historical facts are forward-looking statements, which involve a number of risks and uncertainties and are subject to change at any time. While Purchaser may elect to update forward-looking statements in the future, Purchaser specifically disclaims any obligation to do so, even if estimates change and, therefore, you should not rely on these forward-looking statements as representing our views as of any date subsequent to today.
As of 5:00 p.m., New York City time, on Friday, October 11, 2019, approximately 1,400,000 Shares had been tendered and not withdrawn from the Offer.
The Offer is subject to closing conditions set forth in the Offer to Purchase, dated September 10, 2018, including the closing price of the Shares on the NYSE on the last full trading day prior to the Expiration Date exceeding the Offer Price and Purchaser obtaining financing necessary to fund Purchaser's financial obligations arising from the Offer.
This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell shares or any other securities. The Offer to Purchase common stock of AT&T Inc. is only being made pursuant to the Offer to Purchase and Letter of Transmittal with respect to the Offer, as such documents may be supplemented and amended from time to time. Shareholders are urged to read these materials carefully because they contain important information, included the terms and conditions of the Offer, that shareholders should consider before making any decision regarding tendering their Shares. Shareholders can obtain a copy of the Offer to Purchase and Letter of Transmittal with respect to the Offer by contacting the information agent at (888) 422-4311 OR INFOAGENT@ponoscapital.com. Copies of materials and any documentation must not be mailed, distributed or sent in, into or from any jurisdiction where to do so would be unlawful.
More on illi News
- East Coast Match™ Announces a $10,000.00 Professional Matchmaking Giveaway
- Mayor Lightfoot and CDPH Announce $56m RFP To Bolster Contact Tracing Efforts for Covid-19 Cases in Chicago
- City of Chicago Announces Grant Funding to Support Additional Efforts to Address City's Historically Regressive Fines and Fees System
- MegaFans and Black Dog Gaming Launch Charity eSports Tournament for USO West
- Lantek launches version 2020 with focus on remote working and process efficiency
Ponos Industries LLC is a private investment company that invests in publicly traded securities whose value it expects to appreciate over a 12-month period.
Forward Looking Statements
Statements included in this press release that are not historical facts are forward-looking statements, which involve a number of risks and uncertainties and are subject to change at any time. While Purchaser may elect to update forward-looking statements in the future, Purchaser specifically disclaims any obligation to do so, even if estimates change and, therefore, you should not rely on these forward-looking statements as representing our views as of any date subsequent to today.
Source: Ponos Capital
0 Comments
Latest on illi News
- Over 400 CEOs Have Benefited from CEO Coaching International's Free Coaching Call Offer
- Certified Nutraceuticals , Inc is proud to partner with Princeton Consumer Research for a Randomized, Single-Blinded, Placebo-Controlled Study
- All Premium CBD Enters the Pain Relief Arena with CBDMEDIC Partnership
- Nutraceuticals & Agriceuticals Technology Company, Inc. Files For Patent Protection For Latest Invention Persimonal™ Persimmon Leaf Exctract- Powder
- Virtuoso Guitarist Shares Secrets To Improving Guitar Lick Creativity
- World Humanity Commission Awards Certificate of Appreciation to Kalgidhar Society Baru Sahib for promoting Lessons of Humanity
- edjuster Celebrates Twenty Years of Excellence in Contents Claims Management for Insurers, Adjusters and Policyholders
- European Medical Devices Market Worth $61.4 Billion by 2025 - Exclusive Report by MarketsandMarkets™
- Gold City Music announces a NEW CD RELEASE By Former Isley Brother CHRIS JASPER..."For the Love of You"
- Braeden Lichti: The Complicated World of Biotech Investments in the Era of COVID-19
- Chicago-Area IT Training Company Guarantees One Person Per Classroom
- McDonald's Announces Quarterly Cash Dividend
- Chicago: City Launches All-Hands-On-Deck Strategy to Ensure Safe and Healthy Celebrations for Memorial Day Weeken
- The City of Chicago and iHeartMedia Chicago's 107.5 WGCI Partner for Memorial Day Stay at Home Weekend
- Capgemini UK Plc Breaches GDPR Regulations
- Practicing mindfulness without addressing self-destructive habits is like placing a band-aid on a festering wound
- Glass Mosaic Artist Allison Eden Studios Pivots Into Fashion With Face Mask Line
- MR.LEATHER64TEN 2020 Contest Winner Announcement
- Learning How to Shift Your Thinking is the Best Way to Protect Your Mental Health During This Pandemic
- Restech is proud to announce the launch of PepsinCheck, a PEPTEST product branded for the U.S. consumer market