This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

FBL Financial Group, Inc. Announces Final Results Of Modified Dutch Auction Tender Offer

Stocks in this article: FFG

FBL Financial Group, Inc. (NYSE:FFG) announced today the final results of its modified “Dutch auction” tender offer, which expired on March 27, 2012.

FBL Financial Group has accepted for purchase 2,554,683 shares of its Class A Common Stock (the “Shares”) at a price of $35.00 per Share for a total cost of $89,413,905, excluding fees and expenses relating to the tender offer.

The depositary will promptly pay for the Shares accepted for purchase pursuant to the terms of the tender offer.

On February 26, 2012, FBL Financial Group entered into a repurchase agreement with Iowa Farm Bureau Federation (“IFBF”), pursuant to which FBL Financial Group agreed to purchase up to an aggregate of 1,000,000 Shares from IFBF for a total purchase price of up to $35.0 million. Assuming the conditions to the private repurchase are satisfied, FBL expects to purchase 638,671 Shares at a price of $35.00 per Share for a total cost of $22,353,485, excluding fees and expenses relating to the private repurchase. The private repurchase is expected to occur on April 11, 2012, the eleventh business day following the expiration date of the tender offer.

The aggregate purchase price for the Shares repurchased in the tender offer and those repurchased from IFBF will total $111,767,390, and the aggregate number of Shares repurchased in the tender offer and those repurchased from IFBF will total 3,193,354, which is approximately 10.8% of the Shares outstanding prior to the completion of the tender offer and the private repurchase. Upon completion of the tender offer and the private repurchase, FBL Financial Group will have approximately 26.5 million Shares outstanding. FBL Financial Group funded the purchase of the Shares in the tender offer and the private repurchase using cash on hand.

The tender offer and the private repurchase are a part of FBL Financial Group’s $200 million stock repurchase authorization announced on October 7, 2011, and following such transactions, FBL Financial Group will have completed the repurchase of $125.5 million of Shares. FBL Financial Group may in the future consider various forms of share repurchases, including open market purchases, tender offers and/or accelerated share repurchases or otherwise. Under applicable securities laws, FBL Financial Group may not repurchase any Shares until after April 10, 2012.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs