Category Archives: Odd Lot Tender Offers

CBS Exchange Offer with Odd-Lot Provision (~11%, $600 Upside) [ACTIVE]

Company: CBS Corp.  Ticker: CBS, ETM Market Cap: ~$23bn Size of Action: up to ~$6bn Type of Transaction: Exchange Offer with Odd-Lot Provision Current Price: $56.41 (CBS), $11.00 (ETM) Tender Price: $1.08 of ETM stock for every $1.00 of CBS stock tendered (subject to upper limit of 5.7466). Potential … Continue reading

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White Mountains (WTM) Odd-Lot Tender Offer

Company: White Mountains Insurance Group Ticker: WTM Market Cap: $3.7bn Size of Action:  ~$425mm Type of Transaction: Tender Offer with Odd-Lot provision Current Price: $870.00 Tender Price: $825-$875 Potential Gain (%): -5% to 1% Expiration: September 14, 2017 Tender Limit (Shares): 99 Max Investment ($): ~$85k Max … Continue reading

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Tropicana (TPCA) Odd Lot Offer with up to 3.7% Upside

Contact: We have been having some issues with our spam filter. Please contact us at oddlotspecialsituations@gmail.com if you have an questions. Company: Tropicana Entertainment Inc. Ticker: TPCA Market Cap: $1bn Size of Action: ~$220mm Type of Transaction: Tender Offer with Odd-Lot Provision Current Price: $43.40 … Continue reading

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Yahoo/Alibaba Tender Offer (-3% to +10% Upside)

RESULT: Shares were purchased at $53.20 for 1.6% upside. Company: Yahoo! Inc.  Ticker: YHOO , VWAP is based off BABA Market Cap: ~$50bn Size of Action: up to $3bn Type of Transaction: Tender Offer with Odd-Lot provision Current Price: $52.37 Tender Price: $50.73 – $57.58 (.37 to … Continue reading

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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): … Continue reading

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CIT Group (CIT) – Odd Lot Tender Offer

Company: CIT Group Inc.  Ticker: CIT Market Cap: ~$9.5bn Size of Action: up to $2.75bn Type of Transaction: Dutch Tender Offer with Odd-Lot Provision Current Price: $46.70 Tender Price: $43-$48 Potential Gain (%): 2.7% (assuming upper limit) Expiration: May 24th, 2017 Tender Limit (Shares): 99 Max … Continue reading

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Great Elm Capital Corp (GECC) Odd-Lot Tender Offer

Company: Great Elm Capital Corp. Ticker: GECC Market Cap: ~$150mm Size of Action: up to $10mm Type of Transaction: Tender Offer with Odd-Lot provision Current Price: $11.40 Tender Price: $11.50 to $12.17 Potential Gain (%): 1-7% Expiration: May 5th 5pm Tender Limit (Shares): 99 Max … Continue reading

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Neuberger Berman Real Estate Securities Income Fund Tender Offer (6.4% Upside)

Company: Neuberger Berman Real Estate Securities Income Fund Ticker: NRO Market Cap: $300mm Size of Action: $45mm Type of Transaction: Tender Offer with Odd-Lot Provision Current Price: $5.29 Tender Price: 98% of NAV ($5.75) = $5.63 Potential Gain (%): 6.4% Expiration:  January 9th Tender Limit (Shares): … Continue reading

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WebMD Health Corp. (WBMD) Tender Offer with Odd-Lot ($150 Upside)

Company: WebMD Health Corp. Ticker: WBMD Market Cap: $2bn Size of Action: $110mm Type of Transaction: Tender Offer with Odd-Lot Provision Current Price: $53.48 Tender Price: $55.00 Potential Gain (%): ~3% Expiration:  December 15th Tender Limit (Shares): 99 Max Investment ($): $5,300 Max Gain ($): $150 … Continue reading

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Silgan Holdings Tender Offer with 2% Upside

Company: Silgan Holdings Ticker: SLGN Market Cap: $3bn Size of Action: $280mm Type of Transaction: Dutch Auction Tender Offer Current Price: $51.01 Tender Price: $45.50 – $52.25 Potential Gain (%): 2.4% Expiration:  November 15, 2016 Tender Limit (Shares): 99 Max Investment ($): $5,050 Max Gain … Continue reading

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