Category Archives: Odd Lot Tender Offers

Company: Renren Ticker: RENN Market Cap: $945mm Size of Action: >$50mm Type of Transaction:  Dutch Tender Offer with “Odd-Lot” Provision Current Price: $2.74 Exchange Price: $2.40-$2.75 Potential Gain (%): Expiration: Midnight April 29, 2015 Tender Limit (Shares): 99 Max Investment … Continue reading →

Company: ITEX Corporation Ticker: ITEX Market Cap: ~$11mm Size of Action: ~$3mm Type of Transaction:  Tender Offer with “Odd-Lot” Provision Current Price: $3.70 Exchange Price: $4.00 Potential Gain (%): 8.1% Expiration: Midnight April 15th, 2015 Tender Limit (Shares): 99 Max … Continue reading →

Company: First Real Estate Investment Trust of New Jersey Ticker: FREVS Market Cap: ~$156mm Size of Action: ~$2.3mm (1.5% of S/O) Type of Transaction:  Tender Offer with Odd-Lot Provision Current Price: $22.58 Exchange Price: $23.00 Potential Gain (%): 1.9% Expiration: … Continue reading →

Company: Fidelity National Financial Ventures Ticker: FNFV Market Cap: $1.4bn Size of Action: >$185mm Type of Transaction:  Tender Offer with Odd-Lot Provision Current Price: $14.50 Exchange Price: $14.30-$15.40 Potential Gain (%): -1% to 6% Expiration: Midnight March 20, 2015 Tender … Continue reading →

Company: Nicholas Financial Ticker: NICK Market Cap: 183mm Size of Action: >$70mm (~39% of S/O) Type of Transaction:  Tender Offer with “Odd Lot” Provision Current Price: $14.91 Exchange Price: $14.60-$15.60 Potential P/L (%): -2% to 5% Expiration: 5pm March 13th, … Continue reading →

Company: Silgan Holdings Ticker: SLGN Market Cap: $3.6bn Size of Action: <$200mm Type of Transaction:  Modified Dutch Auction Tender with Odd-Lot Provision Current Price: $57.24 Exchange Price: $54.75-$58.50 Potential Gain (%): -4.4%-2.0% Expiration: 5pm March 10th, 2015 Tender Limit (Shares): … Continue reading →

Company: Xenia Hotels & Resorts Ticker: XHR Market Cap: ~$2.4bn Size of Action: <$125mm Type of Transaction:  Modified Dutch Tender Offer with “Odd Lot” Provision Current Price: $20.70 Exchange Price: $19.00-$21.00 Potential Gain (%): -8.2%-1.4% Expiration: 5pm March 5th 2015 … Continue reading →

Company: Tucows Ticker: TCX Market Cap: ~$200mm Size of Action: <$8mm Type of Transaction:  modified “dutch” tender offer with odd-lot provision Current Price: $18.19 Exchange Price: $16.50-$18.50 Potential Gain (%): -9% to 2% Expiration: 5pm 1/7/15 Tender Limit (Shares): 99 … Continue reading →

Company: Monogram Residential Trust Ticker: MORE Market Cap: ~$1.6bn Size of Action: <$100mm Type of Transaction:  tender offer with “odd-lot” provision Current Price: $9.48 Exchange Price: $8.50-$9.25 Potential Gain (%): NA Expiration: 12/19/14 Tender Limit (Shares): 99 Max Investment ($): … Continue reading →

Company: Bravo Brio Restaurant Group Ticker: BBRG Market Cap: $250mm Size of Action: <$50mm Type of Transaction: Dutch Tender Offer with Odd-lot Provision Current Price: $13.40 Exchange Price: $12.50-$14.50 Potential Gain (%): -6.7% – 8.2% Expiration: Midnight December 10, 2014 Tender … Continue reading →