- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
- 10-Q Quarterly report
- 10 Share Repurchase Transaction Dated June 5, 2006
- 10 Director Fees for Non-employee Directors Dated June 15, 2006
- 10 Mentor Corporation -- Citigroup Global Markets Inc. Form 10B5-1 Stock Purchase Plan Dated June 16, 2006
- 10 Written Description of Car Allowance Plan
- 31 302 Certification - Joshua H. Levine
- 31 302 Certification - Loren L. Mcfarland
- 32 Certification of Chief Executive Officer
- 32 Certification of Chief Financial Officer
EXHIBIT 10.2
MENTOR CORPORATION
SHARE REPURCHASE TRANSACTION
Summary of Material Definitive Agreement
As part of the Company's share repurchase program, the Company agreed on June 5, 2006, to repurchase from an investment partnership managed by ValueAct Capital 2,000,000 shares of its common stock at $42 per share, a 0.5% discount from the closing market price quoted on the New York Stock Exchange of $42.21 on June 5, 2006. The 2.0 million shares were repurchased for a total of $84 million pursuant to the Company's continuing stock repurchase program and represent approximately 4.6% of outstanding shares before the transactions. After the transactions, ValueAct Capital, through several of its investment partnerships, continues to own more than 2 million shares of Common Stock, or approximately 5% of the outstanding shares of the Company, and continues to be represented on the Company's Board of Directors by Mr. Jeff Ubben. The repurchase of these shares was pre-approved by the Audit Committee and the Board of Directors with interested parties abstaining or not in attendance.