Amazon completes initial tender offer for Audible
Tuesday, March 11, 2008 - 10:01 AM ESTAs of such time, an aggregate of approximately 20.5 million shares of Audible common stock (including approximately 773,000 shares that were tendered pursuant to the guaranteed delivery procedures) had been tendered into, and not withdrawn from, the offer. All of such shares have been accepted in accordance with the terms of the tender offer. The accepted shares, together with the Audible shares already owned by Amazon.com, represent over 87% of Audible's outstanding shares.
As of 9am New York City time on March 11, 2008, Amazon.com will commence a subsequent offering period for all remaining shares of Audible stock. The subsequent offering period will expire at 5pm New York City time on Friday, March 14, 2008, unless extended. During this subsequent offering period, Audible stockholders who did not previously tender their shares into the offer may do so and will promptly receive the same $11.50 per share net to the seller in cash (subject to applicable withholding taxes), without interest thereon, offered to stockholders tendering in the initial offering period. No withdrawal rights will apply to any Audible shares tendered during the subsequent offering period.
After expiration of the subsequent offering period, as it may be extended, Amazon.com intends to complete the merger contemplated by the merger agreement as soon as practicable, with Audible becoming a wholly-owned subsidiary of Amazon.com.
Source: Amazon.com
Send us links! Email: webmaster@macdailynews.com
MacDailyNews and iPodDailyNews are Apple Store affiliates and if you buy something from the Apple Store within 24-hours after clicking any one of our Apple Store ads, we will receive an affiliate percentage from Apple. There is no extra cost to you. Canadians please use this link: Apple Store Canada. Thank you in advance for helping to support MacDailyNews and iPodDailyNews.
Apple Store Advertisements:
• The all-new 13-inch MacBook. The next generation of notebooks starts at $1299.
• The all-new 15-inch Macbook Pro. New design. New features. New technologies. From $1999.
• The all-in-one iMac. Now at speeds up to 3.06GHz. Free shipping. From $1199.
• iPod touch. The funnest iPod ever. Starting at $229. Free Shipping.
• iPod nano. New design. New features. Starting at $149. Free shipping.
• Visit the Apple Store today. Free ground shipping on all orders over $50.
MacDailyNews on Twitter
MacDailyNews and iPodDailyNews are Apple Store affiliates and if you buy something from the Apple Store within 24-hours after clicking any one of our Apple Store ads, we will receive an affiliate percentage from Apple. There is no extra cost to you. Canadians please use this link: Apple Store Canada. Thank you in advance for helping to support MacDailyNews and iPodDailyNews.
Apple Store Advertisements:
• The all-new 13-inch MacBook. The next generation of notebooks starts at $1299.
• The all-new 15-inch Macbook Pro. New design. New features. New technologies. From $1999.
• The all-in-one iMac. Now at speeds up to 3.06GHz. Free shipping. From $1199.
• iPod touch. The funnest iPod ever. Starting at $229. Free Shipping.
• iPod nano. New design. New features. Starting at $149. Free shipping.
• Visit the Apple Store today. Free ground shipping on all orders over $50.
MacDailyNews on Twitter
= 
Hope this doesn't affect the availability of audiobooks on iTunes.