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 $39.00)
- Potential Gain (%): -2% to 5.7%
- Expiration: 5pm December 23, 2015
- Tender Limit (Shares): 99
- Max Investment ($): $3,840
- Max Gain ($): $220
- Sec Filing: Link
- Summary: Copart (CPRT) is offering to buy up to 7.3mm of its shares between $38.00 and $41.00.
- Odd Lot Provision: ...first, from all holders of “odd lots” of fewer than 100 shares who properly tender all of their shares and do not properly withdraw them before the expiration of the Offer; ....
- 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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