Chemtura Corporation (CHMT) Odd-Lot Tender Offer

Company: Chemtura Corporation
Ticker: CHMT
Market Cap: $2B
Size of Action: $300mm
Type of Transaction: Modified Dutch Auction Tender Offer
Current Price: $23.35
Exchange Price: $21.50-$24.50
Potential Gain (%): -7.9%-4.9%
Expiration: 12:00 Midnight, December 1st
Tender Limit (Shares): 99
Max Investment ($): ~$2,300
Max Gain ($): ~$110
Sec Filing:
Summary: Chemtura Corporation is offering to purchase up to $300mm in shares of its stock between $21.50-$24.50.
Odd Lots: ...First, all shares owned in “odd lots” (less than 100 shares) all of which have been validly tendered at or below the Purchase Price (and not validly withdrawn prior to the Expiration Time); ...
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