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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