Cubist said it would pay Optimer shareholders $10.75 a share in cash upfront, and an additional $5 a share contingent on Optimer's meeting certain sales milestones.
The deal would entail Sillerman purchasing at $3.25/per all the shares in the company he doesn't already own, with an upfront payment of $1.75 a share, up to $50 million in pro-rata payments, and a $1 a share contingent payment right if he succeeds in selling the company within five years.
And half of a banker's upfront bonus must be paid in shares or "contingent capital" — bonds that convert into equity if the bank gets in trouble.
1. Fee sharing 2. Contingent lenders 3. Appeal funding 4. Settlement funding 5. Finance company loans 6.
Arkansas has a lot of National Guard troops on duty there and a disproportionate share of its contingent is drawn from minorities.
Such a bid, the investor argued, would most likely be worth at least $37 a share, making the contingent value right worth potentially $7.
"This extraordinarily high level of support is clear evidence to me that shareholders are overwhelmingly in favor of selling their stock to me for $30 per share, plus the contingent value right".
Showing that he is as wily as ever, Mr. Icahn put his money where his mouth is this time, commencing a hostile offer at $30 a share plus a contingent value right with an upside of as much as $7 a share if Mr. Icahn subsequently sells the company in a 15-month period.
CVR Energy, an oil refining and marketing company based in Sugarland, Tex., said on Thursday that it had reached a deal with Carl C. Icahn to allow the investor to pursue a takeover offer for $30 a share, plus a "contingent cash payment" right, or more than $2.6 billion.
That's a $500 million related party transaction -- it's 20percentt of 2000 IBIT, 51percentt of NI pretax, 33percentt of NI after tax. 3. Credit reviews the underlying capitalization of Raptor, reviews the contingent shares and determines whether the Raptor entities will have enough capital to pay Enron its $500 million when the equity derivatives expire.
Lyondell, based in Houston, will pay Occidental 30 million to 34 million shares, give it five-year warrants to buy Lyondell stock for $25 a share, and make a contingent payment of as much as $35 million.
