Depository Agent Services | EQ

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Overview

With over 40 years of experience, EQ leads the industry as a trusted depository agent, offering you expert guidance and the crucial tools for a successful transaction and a high participation rate from shareholders. We take a collaborative approach by working directly alongside you to build an innovative, customized and strategic outreach plan designed to achieve a favorable outcome. 

We ensure a seamless experience with our comprehensive approach to managing your offer by providing an extensive portfolio of depository services and taking the guesswork out of this process. When you work with us, you gain a greater knowledge per share with our data-driven guidance and flawlessly executed administrative capabilities.

DEPOSITORY AGENT SERVICES

We offer you a comprehensive array of depository services to ensure a single-source solution in managing your offer, including:

  • Data Conversion: EQ converts all data within 72 hours to our proprietary, wholly-owned infrastructure and application platforms.
  • DTC Distribution: We provide the offer information to Depository Trust Company (DTC) to be posted and establish a book-entry account to allow DTC participants to tender into the offer. We also interface with the DTC on Notice of Guarantee settlements.
  • Register: We maintain a complete register of tenders received and prepare a final list of accepted tenders for designated individuals.
  • Letters of Transmittal/Notice of Guaranteed Delivery: We examine Letters of Transmittal and certificates for accuracy and review and maintain Notice of Guaranteed Delivery information.
  • Coordination: We interface and work closely with the Information Agent to ensure a successful transaction.
  • Daily Reports: We provide daily reports of offer results.
  • Tenders: We take the necessary steps to resolve defective tenders and mail back to the shareholders/brokers any withdrawn tenders.
  • Proration: We offer proration services on offers, where applicable.

In addition to our comprehensive strategic counsel, our Depository Services provide critical administrative functions including:

  • Review of Offer documents
  • Coordination of mailing for registered shareholders
  • Depository communications

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