Bravo Brio Restaurant Group (BBRG) Odd-Lot Tender Offer

Company: Bravo Brio Restaurant Group
Ticker: BBRG
Market Cap: $250mm
Size of Action: <$50mm
Type of Transaction: Dutch Tender Offer with Odd-lot Provision
Current Price: $13.40
Exchange Price: $12.50-$14.50
Potential Gain (%): -6.7% - 8.2%
Expiration: Midnight December 10, 2014
Tender Limit (Shares): 99
Max Investment ($): ~$1,330
Max Gain ($): ~$110
Sec Filing: Link
Summary: Bravo Brio Restaurant Group (BBRG) is offering to purchase up to $50mm of its shares at a price of $12.50-$14.50.
Odd Lots:...First, all shares owned in “odd lots” (less than 100 shares) that have been validly tendered at or below the Purchase Price (and not validly withdrawn prior to the Expiration Time)...
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