Advanced Emissions Solutions (ADES) Odd-Lot Tender

  • Company: Advanced Emissions Solutions
  • Ticker: ADES
  • Market Cap: $220mm
  • Size of Action: up to ~$10mm
  • Type of Transaction:  Dutch Tender Offer with Odd-Lot Provision
  • Current Price: $9.85
  • Tender Price: $9.40 to $10.80
  • Potential Gain (%): ~10% (assuming upper limit)
  • Expiration: June 5th, 2017
  • Tender Limit (Shares): 99
  • Max Investment ($): ~$1,000
  • Max Gain ($): ~$95
  • Link: Filing
  • Summary: Advanced Emissions Solutions is offering to buy up to 925k of its shares at $9.40 to $10.80.
  • Odd Lot Provision:  ...we will purchase all shares tendered at or below the purchase price on a pro rata basis, except for “odd lots” (lots held by owners of less than 100 shares), which we will purchase on a priority basis, ....
  • All information contained on or available through this Web Site (“the Content”) is for general information purposes only and does not constitute any investment advice.
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