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Shares from “odd lot holders” (stockholders of less than 100 Shares) who have properly tendered and not properly withdrawn all of their Shares...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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