General Electric (GE) Exchange Offer with Odd-Lot (7.5% discount)

Company: General Electric Company
Ticker: GE
Market Cap: ~$300B
Size of Action: ~$22B
Type of Transaction: Exchange Offer for Synchrony Financial (SYF) stock
Current Price: $29.46
Exchange Price: $31.68 (in SYF stock) or at a 7.53% discount
Potential Gain (%): 7.53%
Expiration: Midnight - November 13, 2015
Tender Limit (Shares): 99
Max Investment ($): ~$2,920
Max Gain ($): ~$220
Sec Filing: Link
Summary: General Electric Company (GE) is offering to exchange GE stock for SYF at a (preliminary) ~7.5% discount, subject to an upper limit exchange ratio of 1.1308. Upper limit is not currently in effect (Link for current exchange ratio). Will keep this page up to date if the upper limit is broached, which would lower the discount.
Odd Lots: ...proration; Odd-Lots If, on the expiration date of the exchange offer (currently expected to be November 16, 2015), the exchange offer is oversubscribed, GE will accept on a pro rata basis in proportion to the number of shares tendered, all shares of GE common stock validly tendered and not validly withdrawn, except for tenders of odd-lots....
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