Intrawest Resort Holdings (SNOW) Tender Offer with Odd-Lot ($50-$150)

Company: Intrawest Resort Holdings
Ticker: SNOW
Market Cap: $384mm
Size of Action: up to $50mm
Type of Transaction: Tender Offer with Odd-Lot Provision
Current Price: $8.50
Exchange Price: $9.00-$10.00
Potential Gain (%): 5.8%-17.6%
Expiration: 5pm February 10th
Tender Limit (Shares): 99
Max Investment ($): $842 per investment account
Max Gain ($): $149 per investment account
Sec Filing: Link
Summary: Intrawest Resort Holdings (SNOW) is offering to purchase up to $50mm of its shares between $9.00 and $10.00. There is an odd-lot provision.
Source of Funds: The Company currently holds $92mm of cash that it intends to use for the tender offer.
Odd Lot Provision: ...first, from all holders of “odd lots” of fewer than 100 shares who properly tender all of their shares and do not properly withdraw them before the expiration of the Offer; ....
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