ITEX Corp (ITEX) Tender Offer with Odd-Lot ($30 gain)

  • Company: ITEX Corporation
  • Ticker: ITEX
  • Market Cap: ~$11mm
  • Size of Action: ~$3mm
  • Type of Transaction:  Tender Offer with "Odd-Lot" Provision
  • Current Price: $3.70
  • Exchange Price: $4.00
  • Potential Gain (%): 8.1%
  • Expiration: Midnight April 15th, 2015
  • Tender Limit (Shares): 99
  • Max Investment ($): $366
  • Max Gain ($): ~$30
  • Sec Filing: Link
  • Summary: ITEX Corporation (ITEX) is offering to purchase up to 750k of its shares for $4.00 a share using its cash balance (which will cover the tender and all fees).
  • Odd Lots: ...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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