Get PUBLIC TENDER OFFER FOR THE ACQUISITION OF COMMON SHARES ISSUED BY SOUZA

The ability to announce a price change with only five business days remaining in the offer is a substantial reduction in time from the ten business days that would otherwise be required under Rule 14e-1(b) of the Exchange Act. Guaranteed Delivery Procedure .

In general, Rule 14e-1 under the Exchange Act requires a minimum offer period of 20 business days for all tender offers.

A tender offer is a proposal that an investor makes to the shareholders of a publicly traded company. The offer is to tender, or sell, their shares for a specific price at a predetermined time. In some cases, the tender offer may be made by more than one person, such as a group of investors or another business.

The common wisdom is that since tender offers represent an opportunity to sell one's shares at a premium to their current market value, it is usually in the best interests of shareholders to accept the offer.

A tender offer is only open for a limited period of time and is made to each individual security holder. That means each security holder can decide for him or herself whether to tender his or her securities. In addition, the terms of the tender offer, such as the price offered to purchase securities, are fixed.

Usually that threshold is a majority (> 50%), which is the minimum required to legally move to the next step without having to negotiate with minority shareholders.

A tender offer is a public solicitation to all shareholders requesting that they tender their stock for sale at a specific price during a certain time. The tender offer typically is set at a higher price per share than the company's current stock price, providing shareholders a greater incentive to sell their shares.