FUTU HK Help Center-VVV.US Tender offer

VVV.US Tender offer

VALVOLINE INC (VVV.US), is offering to purchase for cash up to $1.0 billion in value of its common stock, par value $0.01 per share, upon the terms and subject to the conditions set forth in the Offer to Purchase and Letter of Transmittal.

The terms of the offer are as follows (subject to proration):

Minimum bid: 35.00 USD
Maximum bid:40.00 USD
Accepted bid increment: 0.25 USD

Holders wishing to tender their shares at a minimum bid price should make an election under the No Specified Price option, as such an election will be deemed to have been tendered at the minimum bid price.

The terms of the offer are as follows:

Option 1 - Take no action (DEFAULT)

Option 2 - Tender shares - SPECIFY PRICE (PRICE No less than 35.00 USD nor more than 40.00 USD per share)-Include price with election instruction, in increments of 0.25 USD (e. g 35.00, 35.25, 35.50......)

Option 3 - Tender shares – No Specified Price

***No response is required for holders electing Option 1 ***

Guaranteed Delivery: No

The deadline to tender shares to the offer will be 01/06/2023@ 16:00 (HONG KONG TIME GMT+8).

In the absence of an election, no action will be taken.

Please fill in the following information and use the registered email address of Futu to send an email to cs@futuhk.com.
1. Account Number:
2. Name: (In Chinese or English)
3. Stock code: VVV.US
4. Options: (1) or (2) or (3)
5. Number of shares participating in corporate actions:

Note to applicants:
1. If shareholders holding 1 share or less of VVV.US, they cannot participate in related corporate actions.
2. Option 1 is the default option. We will help clients to choose option 1 if have not received clients’ emails.
3. Once the relevant application is submitted, the stocks participating in the company's actions cannot be traded and the application cannot be withdrawn.
4. This corporate action does not accept additional applications, the maximum number of applications that a client can apply for does not exceed the number of eligible shares it holds.
5. The pending orders and unsettled shares will not be accepted for the time being.
6. Please confirm that the account funds are sufficient to pay the relevant fees of this corporate action. Otherwise, we will not bear any responsibility for the failure of your application.
7. If there is any update, all the information released by the listed company 
shall prevail.