Category Archives: Odd Lot Tender Offers

Procter & Gamble (PG) Odd-Lot Exchange Offer ($650 Profit)

Company: The Procter & Gamble Company Ticker: PG Market Cap: $235bn Size of Action: $10bn Type of Transaction: “Split-Off” Exchange Offer & Reverse Morris Trust Transaction Potential Gain (%): 7.5% Expiration: Midnight Sept. 29, 2016 Tender Limit (Shares): 99 Max Investment ($): ~$8,700 Max Gain … Continue reading

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Lockheed Martin (LMT) Odd-Lot Exchange Offer (~$2800 Profit)

Company: Lockheed Martin Corporation Ticker: LMT Market Cap: $77bn Size of Action: ~$3bn Type of Transaction: “Split-Off” Exchange Offer & Reverse Morris Trust Transaction Potential Gain (%): 11% Expiration: August 16th Tender Limit (Shares): 99 Max Investment ($): ~$25,000 per investment account Max Gain ($): ~$2,800 per … Continue reading

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TechTarget (TTGT) Tender Offer with Odd-Lot Provision (not profitable currently)

Company: TechTarget Inc. Ticker: TTGT Market Cap: $254mm Size of Action: $63mm Type of Transaction: Tender Offer with Odd-Lot Provision Potential Gain (%): not profitable currently Expiration: 5pm June 8th, 2016 Tender Limit (Shares): 99 Max Investment ($): $781 Max … Continue reading

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Baxter International (BAX) Split-Off Transaction w/ Odd-Lot Provision

Company: Baxter International, Baxalta Ticker: BAX, BXLT Market Cap: $24.8bn Size of Action: ~$420mm Type of Transaction: Split-off Transaction w/ Odd-Lot Provision +  Merger Arbitrage   Potential Gain (%): 8.7% from the split-off transaction then a further 4.2% from a … Continue reading

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Asta Funding (ASFI) Auction Tender Offer with Odd-Lot Provision

Company: Asta Funding Ticker: ASFI Market Cap: $121mm Size of Action: up to $30.8mm Type of Transaction: Auction Tender Offer with Odd-Lot Provision Current Price: $9.50-$10.25 Exchange Price: $10.03 Potential Gain (%): -5.3% to 2.2% Expiration: 5pm May 12, 2016 … Continue reading

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Planet Payment (PLPM) Tender Offer with Odd-Lot Provision (-8% to 3.4% Upside)

Company: Planet Payment Inc. Ticker: PLPM Market Cap: $180mm Size of Action: <$15mm Type of Transaction: Auction Tender Offer with Odd-Lot Provision Current Price: $3.48 Exchange Price: $3.20-$3.60 Potential Gain (%):  -8% to 3.4% Expiration: Midnight April 11, 2016 Tender Limit (Shares): 99 Max Investment … Continue reading

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CRA International (CRAI) Dutch Tender Offer with Odd-Lot Provision (currently not very profitable)

Company: CRA International Inc. Ticker: CRAI Market Cap: $178mm Size of Action: up to $30mm Type of Transaction: Tender Offer with Odd-Lot Provision  Current Price: $19.80 Exchange Price: $18.00-$19.75 Potential Gain (%):  0.25% at current price Expiration: 5pm March 21, 2016 Tender Limit (Shares): … Continue reading

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Fortress Investment Group (FIG) Tender Offer (0-11% Gain)

Company: Fortress Investment Group Ticker: FIG Market Cap: $918mm Size of Action: $100mm Type of Transaction: Dutch Auction Tender Offer with Odd-Lot Provision Current Price: $4.26 Exchange Price: $4.25-$4.75 (RESULT: $4.75) Potential Gain (%):  0%-11% (RESULT: 11%) Expiration: March 4th … Continue reading

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Intrawest Resort Holdings (SNOW) Tender Offer with Odd-Lot ($50-$150)

Company: Intrawest Resort Holdings Ticker: SNOW Market Cap: $384mm Size of Action: up to $50mm Type of Transaction: Tender Offer with Odd-Lot Provision Current Price: $8.50 Exchange Price: $9.00-$10.00 Potential Gain (%): 5.8%-17.6% Expiration: 5pm February 10th Tender Limit (Shares): 99 … Continue reading

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Copart (CPRT) Tender Offer with Odd-Lot Provision (-2 to 6%)

Company: Copart Ticker: CPRT Market Cap: $4.6bn Size of Action: up to ~7.3mm (~$283mm) Type of Transaction: Tender Offer with Odd-Lot Provision Current Price: $38.79 Exchange Price: $38.00-$41.00 (completed at $39.00) Potential Gain (%): -2% to 5.7% Expiration: 5pm December … Continue reading

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