Item 8.01 Other Events.
Based on the preliminary count by
In accordance with the terms and conditions of the Offer, and based on the
preliminary count by AST, BPYU expects to purchase 9,166,667 shares of Class A
Stock properly tendered and not properly withdrawn at the Purchase Price, for an
aggregate cost of approximately
Due to the oversubscription of the tender offer, based on the preliminary count described above, BPYU will accept for purchase on a pro rata basis approximately 81.2% of the shares of Class A Stock properly tendered and not properly withdrawn at the Purchase Price by each tendering stockholder (other than "odd lot" holders, whose shares of Class A Stock will be purchased on a priority basis).
The number of shares of Class A Stock to be purchased and proration information
are preliminary and subject to change. The preliminary information contained in
this Current Report on Form 8-K is subject to confirmation by AST and is based
on the assumption that all shares of Class A Stock tendered through notice of
guaranteed delivery will be delivered within two business days after the date of
receipt by the depositary of the notice of guaranteed delivery. The final number
of shares of Class A Stock to be purchased and the final proration information
will be announced following completion of the confirmation process, which is
expected to occur on
The press release announcing the preliminary results of the Offer is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits: Exhibit No. Description 99.1 Press Release datedAugust 13, 2020 . 101.SCH Inline XBRL Taxonomy Extension Schema Document. 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document. 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document. 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document. 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document. 104 Cover Page Interactive Data File (formatted as Inline XBRL with applicable taxonomy extension information contained in Exhibits 101). 2
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