GP Strategies Corp (GPX) Tender Offer with Odd-Lot Provision

  • Company: GP Strategies Corp.
  • Ticker: GPX
  • Market Cap: $522mm
  • Size of Action: $80mm
  • Type of Transaction:  Dutch Auction Tender Offer with "Odd-Lot" Provision
  • Current Price: $27.35
  • Exchange Price: $26.00-$29.00
  • Potential Gain (%): -4.9% to +6%
  • Expiration: 12:00 Midnight on September 29, 2014
  • Tender Limit (Shares): 99
  • Max Investment ($): ~$2,707
  • Max Gain ($): ~$162
  • Sec Filing: Link
  • Summary: GPX is offering to purchase $80mm of shares between $26-$29 by the tender date.
  • Odd Lots: ...except for “odd lots” (of fewer than 100 Shares), which we will purchase on a priority basis....
  • 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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