October 01, 2016 6:08 PM ET

Specialty Retail

Company Overview of Outerwall Inc.

Company Overview

Outerwall Inc., through its subsidiaries, provides automated retail solutions primarily in the United States, Canada, Puerto Rico, Ireland, and the United Kingdom. Its Redbox segment owns and operates approximately 40,480 Redbox kiosks in 33,060 locations that enable consumers to rent or purchase movies and video games. The company’s Coinstar segment owns and operates approximately 20,930 coin-counting kiosks in 19,660 locations, which enable consumers to convert their coin to cash, convert coins and paper bills to stored value products, and exchange gift cards for cash. The company’s ecoATM segment owns and operates approximately 2,250 kiosks in 2,020 locations that enable consumers to purc...

1800 114th Avenue SE

Bellevue, WA 98004

United States

Founded in 1991

2,670 Employees

Phone:

425-943-8000

Key Executives for Outerwall Inc.

Chief Executive Officer, President and Director
Age: 56
Total Annual Compensation: $465.6K
Director, Chief Executive Officer of Redbox and President of Redbox
Age: 40
Total Annual Compensation: $551.1K
Chief Executive Officers of ecoATM
Age: 53
Total Annual Compensation: $269.6K
Chief Legal Officer, General Counsel and Corporate Secretary
Age: 49
Total Annual Compensation: $472.1K
Compensation as of Fiscal Year 2015.

Outerwall Inc. Key Developments

Aspen Merger Sub, Inc. Announces Final Results of Tender Offers for Certain Notes of Outerwall Inc

Aspen Merger Sub Inc. announced final results with respect to the Offeror’s previously announced tender offers to purchase for cash any and all of Outerwall Inc.’s outstanding 6.000% Senior Notes due 2019 and any and all of Outerwall’s outstanding 5.875% Senior Notes due 2021. As of 12:00 midnight, New York City time, at the end of September 22, 2016, the expiration time with respect to each Tender Offer (the “Expiration Time”), the Offeror has been advised by Global Bondholder Services Corporation, tender agent and information agent for the Tender Offers, that the Offeror has received: tenders from the holders of $246,578,000 aggregate principal amount of the 2019 Notes pursuant to the Tender Offer for the 2019 Notes, representing approximately 76.91% of the outstanding 2019 Notes; and tenders from the holders of $225,618,000 aggregate principal amount of the 2021 Notes pursuant to the Tender Offer for the 2021 Notes, representing approximately 98.70% of the outstanding 2021 Notes. Each holder who validly tendered its 2019 Notes in the Tender Offer for the 2019 Notes prior to 12:00 midnight, New York City time, at the end of September 8, 2016, the early tender deadline with respect to each Tender Offer, and did not validly withdraw such tendered 2019 Notes prior to 12:00 midnight, New York City time, at the end of September 8, 2016, the withdrawal deadline with respect to each Tender Offer, will receive, if such tendered 2019 Notes are accepted for purchase pursuant to the Tender Offer for the 2019 Notes, $1,032.50 for each $1,000 principal amount of 2019 Notes so tendered, which includes an early tender premium of $20.00 per $1,000 principal amount of 2019 Notes so tendered. Each holder who validly tendered its 2019 Notes in the Tender Offer for the 2019 Notes after the Early Tender Time but prior to the Expiration Time will receive, if such tendered 2019 Notes are accepted for purchase pursuant to the Tender Offer for the 2019 Notes, $1,012.50 for each $1,000 principal amount of 2019 Notes so tendered. Each holder who validly tendered its 2021 Notes in the Tender Offer for the 2021 Notes prior to the Early Tender Time, and did not validly withdraw such tendered 2021 Notes prior to the Withdrawal Deadline, will receive, if such tendered 2021 Notes are accepted for purchase pursuant to the Tender Offer for the 2021 Notes, $1,077.92 for each $1,000 principal amount of 2021 Notes so tendered, which includes an early tender premium of $20.00 per $1,000 principal amount of 2021 Notes so tendered. Each holder who validly tendered its 2021 Notes in the Tender Offer for the 2021 Notes after the Early Tender Time but prior to the Expiration Time will receive, if such tendered 2021 Notes are accepted for purchase pursuant to the Tender Offer for the 2021 Notes, $1,057.92 for each $1,000 principal amount of 2021 Notes so tendered. The Tender Offers are being conducted in connection with the previously announced merger agreement, pursuant to which, among other things, Aspen Parent Inc., the indirect parent of the Offeror, has agreed to acquire Outerwall. The Offeror expects to accept and pay for the Notes tendered pursuant to the applicable Tender Offer upon the substantially contemporaneous closing of the Acquisition and the satisfaction or waiver of other customary conditions precedent. The Acquisition is expected to close on September 27, 2016.

Outerwall Inc. Inks Memorandum of Understanding to Settle 5 Lawsuits

Outerwall Inc. and its board members on September 16, 2016 inked a memorandum of understanding with plaintiffs to settle five lawsuits regarding its planned acquisition by Apollo Global Management LLC. The lawsuits were filed against the company and its board between August 12, 2016 and August 23, 2016 over the planned deal, alleging that the company and its board violated the Exchange Act. The lawsuits sought, among other things, a court injunction against the tender offer or the invalidation thereof. Pursuant to the memorandum of understanding, Outerwall will amend the Schedule 14D-9 to add more information for its stockholders. While the company and its board deny all allegations in the lawsuits, and believe the disclosures made in the Schedule 14D-9 filing were adequate, they decided to settle the lawsuits to avoid 'costs, disruption and distraction' that would have ensued upon proceeding with litigation. Both parties will enter a stipulation of settlement, which would require customary conditions like court approval after a notice to Outerwall's former stockholders has been sent. After the parties enter into a stipulation of settlement, a court hearing will be scheduled to see if the settlement was fair, reasonable and adequate. Upon approval by the court, all claims in the lawsuit would be considered resolved.

Outerwall Inc.(NasdaqGS:OUTR) dropped from S&P 1000 Index

Outerwall Inc.(NasdaqGS:OUTR) dropped from S&P 1000 Index

Similar Private Companies By Industry

Company Name Region
#1 Cochran, Inc. United States
#1 Cycle Center, Inc. United States
1 Stop Electronics Center, Inc. United States
10 West Motorsports, Inc. United States
100MAC, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 25, 2016
--
Merger/Acquisition
October 29, 2015
Gazelle, Inc., Certain Assets and Liabilities
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Outerwall Inc., please visit www.outerwall.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.