Credit Acceptance Corp (CACC) Odd-Lot Tender Offer

  • Company: Credit Acceptance Corp.
  • Ticker: CACC
  • Market Cap: $2.8bn
  • Size of Action: ~$125mm
  • Type of Transaction:  tender offer with Odd-Lot provision
  • Current Price: $124.85
  • Exchange Price: $125.54
  • Potential Gain (%): 0.6%
  • Expiration: 5pm on October 20, 2014
  • Tender Limit (Shares): 99
  • Max Investment ($): ~$12,360
  • Max Gain ($): ~$70
  • Sec Filing: Link
  • Summary: Credit Acceptance Corporation is offering to purchase up to 995k shares of its common stock at a price of $125.54 per share.
  • Odd Lots: "We will purchase shares: first, from all holders of “odd lots” of less than 100 shares who properly tender all of their shares and do not properly withdraw them before the expiration date..."
  • 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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