Global Net Lease (GNL) Odd-Lot Tender ($125 Gain, 14% in 1 MO)
- Company: Global Net Lease
- Ticker: GNL (some financial services may have old ticker name, American Realty Capital)
- Market Cap: $1.7bn
- Size of Action: ~$110mm
- Type of Transaction: Tender Offer with Odd-Lot Provision
- Current Price: $9.23
- Exchange Price: $10.50
- Potential Gain (%): 13.8%
- Expiration: June 29, 2015
- Tender Limit (Shares): 99
- Max Investment ($): $914
- Max Gain ($): $125
- Sec Filing: Link
- Summary: Global Net Lease (GNL) is buying up to 11.9mm of its shares at $10.50.
- Odd Lots: ...first, we will purchase Shares from “odd lot holders” (stockholders of less than 100 Shares) who have properly tendered and not properly withdrawn all of their Shares...
- 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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