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American Overseas Group Limited Announces Commencement of Tender Offer to Repurchase Any and All of its Series A Non-Cumulative Preference Shares
American Overseas Group Limited Announces Commencement of Tender Offer to Repurchase Any and All of its Series A Non-Cumulative Preference Shares.
About this update from American Overseas Group Limited
[{"type":"text","content":"\n\n HAMILTON, Bermuda, Aug. 08, 2016 (GLOBE NEWSWIRE) -- American Overseas Group Limited (BSX:AOREF.BH) (Pink Sheets:AOREF) (“AOG”) announced today that it has commenced a tender offer for any and all of its outstanding Series A Non-Cumulative Preference Shares (the “Series A Shares”) for cash at a price not to exceed $200 for each $1,000 principal liquidation amount of the Series A Shares validly tendered and accepted by the Company. In order to be purchased in the tender offer, Series A Shares must be tendered (and not validly withdrawn) on or before 11:59 PM , New York City time, on September 2, 2016 (such time and date as may be modified by AOG in its discretion) and accepted by AOG.  AOG contemplates that to the extent the holders of Series A Shares decline the tender offer or fail to comply with its terms, the funds set aside for the purchase of their Series A Shares will be applied to other outstanding indebtedness of AOG or its subsidiaries. \n The related Offering Memorandum, Letter of Transmittal and related documents are being distributed to stockholders of record of the Series A Shares.  None of AOG, its Board of Directors or management, the Information Agent or the Dealer-Manager identified below is making any recommendation to the stockholders as to whether to tender or refrain from tendering their shares in the tender offer.  Stockholders must make their own decisions as to how many shares they will tender, if any.  In so doing, stockholders should read and evaluate carefully the information in the Offering Memorandum, Letter of Transmittal and related documents.  Certain Information Regarding the Tender Offer Brean Capital, LLC is acting as Dealer-Manager for the tender offer.   Questions regarding the tender offer may be directed to Brean Capital LLC at (212) 702-6612.  D.F. King & Co., Inc. is acting as Information Agent and Tender Agent for the tender offer.  Requests for copies of the Offering Memorandum may be directed to D.F. King & Co., Inc. at (212) 269-5550 (banks and brokers) or (800) 791-3319 (toll-free).  This press release is for information purposes only and does not constitute an offer to purchase, the solicitation of any offer to purchase or a solicitation of tenders. The tender offer is being made solely pursu...