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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