Cosine Communications Inc. (COSN) 2.3200 $COSN
CoSine Communications, Inc. Announces The Tender Offer By Its Wholly Owned Subsidiary Cedar 2015 Limited For Shares Of API Group plc Has Been Declared Unconditional
PR Newswire - Mon Feb 09, 4:32PM CST
CoSine Communications, Inc. (Other OTC: COSN) ("CoSine"
announced today its wholly owned United Kingdom ("UK" subsidiary, Cedar 2015 Limited ("Cedar" , has declared its previously announced tender offer (the "Offer" for all of the issued and to be issued ordinary shares of API Group plc (LN:API) ("API" unconditional in all respects. As of February 6, 2015, Cedar had received valid acceptances of the Offer in respect of 22,780,966 shares of API which together with the 24,807,203 shares of API already owned by Cedar represent, in aggregate, not less than 62% in nominal value of the shares of API and of the voting rights attached to those shares. All conditions for completion of the Offer have now been satisfied or (where applicable) waived.
API: 0.41 (unch)
CoSine Communications' subsidiary commences tender offer for API Group's shares
M2 - Thu Feb 05, 5:51AM CST
CoSine Communications Inc (Other OTC: COSN) , a company focussed on redeploying its assets through acquisitions, announced on Wednesday that Cedar 2015 Limited, its wholly owned UK subsidiary, has commenced a cash tender offer to acquire all of the issued and to be issued ordinary shares of API Group plc (LSE:API.L) not already owned by Cedar.
CoSine Communications, Inc. Announces Its Wholly Owned Subsidiary Cedar 2015 Limited Commences Tender Offer For Shares Of API Group plc
PR Newswire - Wed Feb 04, 11:22AM CST
CoSine Communications, Inc. (Other OTC: COSN) ("CoSine" announced today that its wholly owned United Kingdom ("UK" subsidiary, Cedar 2015 Limited ("Cedar" , has commenced a cash tender offer to acquire all of the issued and to be issued ordinary shares of API Group plc (LN:API) ("API" not already owned by Cedar (the "Offer" . Pursuant to the previously announced contribution agreement, Cedar currently owns 24,807,203 API shares or approximately 32.3% of the outstanding shares of API. Upon the successful closing of the Offer, stockholders of API who tendered their shares in the Offer will receive 60 pence (approximately $0.91) per share, in cash, payable without interest and less any applicable taxes in accordance with the payment terms provided in the Offer Document (as defined below). The Offer, which is not subject to any due diligence or any financing contingency, is subject to customary UK conditions including the valid tender of sufficient API shares, which, when added to API shares owned by Cedar, constitute more than 62% of the total number of outstanding API shares (or such lower percentage not being less than 50% as Cedar determines).
API: 0.41 (unch), SPLP: 17.53 (-0.02)
CoSine Communications, Inc. Announces Intention Of Its Wholly Owned Subsidiary Cedar 2015 Limited To Make A Tender Offer For The Shares Of API Group plc
PR Newswire - Wed Jan 28, 1:27PM CST
CoSine Communications, Inc. (Other OTC: COSN) ("CoSine" announced today the intention of its wholly owned United Kingdom ("UK" subsidiary, Cedar 2015 Limited ("Cedar" , to acquire all of the issued and to be issued ordinary shares of API Group plc (LN:API) not already owned by Cedar for 60 pence (approximately $0.91) per share (the "Offer" . Cedar currently owns 24,807,203 API shares or approximately 32.3% of the outstanding shares of API. If all of the issued and to be issued shares of API not already owned by Cedar are tendered into the Offer, the aggregate price for such shares is expected to be approximately £31.4 million ($47.6 million). The consideration payable under the Offer for tendered API shares will be funded from a combination of £9.2 million (approximately $14 million) in cash contributed to Cedar by CoSine and a $37 million loan from SPH Group Holdings LLC ("SPH" , an indirect wholly owned subsidiary of Steel Partners Holdings L.P. (NYSE: SPLP) ("SPLP" , to Cedar as guaranteed by CoSine.
API: 0.41 (unch), NATH: 77.03 (-0.34), SPLP: 17.53 (-0.02)
CoSine Communications, Inc. Announces The Tender Offer By Its Wholly Owned Subsidiary Cedar 2015 Limited For Shares Of API Group plc Has Been Declared Unconditional
PR Newswire - Mon Feb 09, 4:32PM CST
CoSine Communications, Inc. (Other OTC: COSN) ("CoSine"
announced today its wholly owned United Kingdom ("UK" subsidiary, Cedar 2015 Limited ("Cedar" , has declared its previously announced tender offer (the "Offer" for all of the issued and to be issued ordinary shares of API Group plc (LN:API) ("API" unconditional in all respects. As of February 6, 2015, Cedar had received valid acceptances of the Offer in respect of 22,780,966 shares of API which together with the 24,807,203 shares of API already owned by Cedar represent, in aggregate, not less than 62% in nominal value of the shares of API and of the voting rights attached to those shares. All conditions for completion of the Offer have now been satisfied or (where applicable) waived. API: 0.41 (unch)
CoSine Communications' subsidiary commences tender offer for API Group's shares
M2 - Thu Feb 05, 5:51AM CST
CoSine Communications Inc (Other OTC: COSN) , a company focussed on redeploying its assets through acquisitions, announced on Wednesday that Cedar 2015 Limited, its wholly owned UK subsidiary, has commenced a cash tender offer to acquire all of the issued and to be issued ordinary shares of API Group plc (LSE:API.L) not already owned by Cedar.
CoSine Communications, Inc. Announces Its Wholly Owned Subsidiary Cedar 2015 Limited Commences Tender Offer For Shares Of API Group plc
PR Newswire - Wed Feb 04, 11:22AM CST
CoSine Communications, Inc. (Other OTC: COSN) ("CoSine"
announced today that its wholly owned United Kingdom ("UK" subsidiary, Cedar 2015 Limited ("Cedar" , has commenced a cash tender offer to acquire all of the issued and to be issued ordinary shares of API Group plc (LN:API) ("API" not already owned by Cedar (the "Offer" . Pursuant to the previously announced contribution agreement, Cedar currently owns 24,807,203 API shares or approximately 32.3% of the outstanding shares of API. Upon the successful closing of the Offer, stockholders of API who tendered their shares in the Offer will receive 60 pence (approximately $0.91) per share, in cash, payable without interest and less any applicable taxes in accordance with the payment terms provided in the Offer Document (as defined below). The Offer, which is not subject to any due diligence or any financing contingency, is subject to customary UK conditions including the valid tender of sufficient API shares, which, when added to API shares owned by Cedar, constitute more than 62% of the total number of outstanding API shares (or such lower percentage not being less than 50% as Cedar determines). API: 0.41 (unch), SPLP: 17.53 (-0.02)
CoSine Communications, Inc. Announces Intention Of Its Wholly Owned Subsidiary Cedar 2015 Limited To Make A Tender Offer For The Shares Of API Group plc
PR Newswire - Wed Jan 28, 1:27PM CST
CoSine Communications, Inc. (Other OTC: COSN) ("CoSine"
announced today the intention of its wholly owned United Kingdom ("UK" subsidiary, Cedar 2015 Limited ("Cedar" , to acquire all of the issued and to be issued ordinary shares of API Group plc (LN:API) not already owned by Cedar for 60 pence (approximately $0.91) per share (the "Offer" . Cedar currently owns 24,807,203 API shares or approximately 32.3% of the outstanding shares of API. If all of the issued and to be issued shares of API not already owned by Cedar are tendered into the Offer, the aggregate price for such shares is expected to be approximately £31.4 million ($47.6 million). The consideration payable under the Offer for tendered API shares will be funded from a combination of £9.2 million (approximately $14 million) in cash contributed to Cedar by CoSine and a $37 million loan from SPH Group Holdings LLC ("SPH" , an indirect wholly owned subsidiary of Steel Partners Holdings L.P. (NYSE: SPLP) ("SPLP" , to Cedar as guaranteed by CoSine. API: 0.41 (unch), NATH: 77.03 (-0.34), SPLP: 17.53 (-0.02)
