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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