If your company is considering a tender offer transaction, Morgan Stanley can help with the participant and administrative experience. In addition to an intuitive platform that automates the tender offer process, we have a team of experienced professionals ready to guide you.
Here are some of the ways Morgan Stanley can help with your tender offer.
Pre-Launch
Configure program parameters. The platform can be configured to execute the tender offer based on your specific requirements. Configurations may include shareholder eligibility parameters, tailored messaging to participants, maximum and/or minimum selling amounts, access to specific documents and disclosures, and more.
Testing and feedback. Before going live, we will set up a testing environment and work with your various stakeholders (e.g., Legal, Finance, HR, Equity) to obtain their feedback and make sure all necessary documents are properly uploaded. This may include confirming all participant accounts are activated, updating your demographic information, providing you with sample documents, creating your eligibility file and testing configurations.
Program Launch
An easy workflow for participants. Once the tender offer is live, eligible participants get access to an intuitive interface within their existing Morgan Stanley at Work account that walks them through the offer step-by-step. Shareholders can review offer documents and disclosures, see their eligible holdings, submit their order, view a summary of proceeds net of applicable exercise costs and estimated tax withholdings, and sign-off on the sale. Eligible participants also have access to a dedicated support team during the transaction to answer any platform related questions.
Participant education. We provide participant education tailored to your needs, such as conducting a live demo or hosting a financial education session with a Morgan Stanley representative to help your employees understand how the tender offer may impact them financially.
A streamlined experience for administrators. Equity plan administrators benefit from having centralized data in one secure place, so you can easily track and share liquidity event details with internal teams and stakeholders. With data updates in near real time, you can monitor elections and send customized communications to eligible participants such as account activation reminders and tender participation deadline reminders.
Post-Transaction
Once the tender offer window closes, our team will work with you on the items needed for the settlement process. During this one-to-two-week window, we will help you finalize tax withholdings, determine whether any cutbacks are needed, determine funding amounts, and ensure we have everything in place for the transaction settlement.
On the date of settlement, we will disperse funds to selling shareholders via automated clearing house (ACH), wire or E*TRADE(opens in a new tab) brokerage accounts depending on what the seller elected in the platform workflow. Your tax and legal teams will also receive executed documentation and a breakdown of proceeds. Best of all, your cap table is automatically updated to reflect the transaction.
