KCG Holdings (KCG) Tender Offer with Odd-Lot Provision

  • Company: KCG Holdings
  • Ticker: KCG
  • Market Cap: $1.6bn
  • Size of Action: >$330mm
  • Type of Transaction:  Tender Offer with Odd-Lot Provision
  • Current Price: $13.45
  • Exchange Price: $13.50-$14.00 (FINAL PRICE: $14.00)
  • Potential Gain (%): 0.4%-4.1%
  • Expiration: June 2, 2015
  • Tender Limit (Shares): 99
  • Max Investment ($): $1,330
  • Max Gain ($): ~$55
  • Sec Filing: Link
  • Summary: KCG Holdings (KCG) is offering to purchase up to $330mm of its shares between $13.50 to $14.00.
  • Odd Lots:  ...First, we will purchase all odd lots of less than 100 Shares from stockholders who properly tender all of their Shares at or below the Purchase Price and who do not properly withdraw them before the Expiration Date (tenders of less than all of the Shares owned, beneficially or of record, by such Odd Lot Holder will not qualify for this preference);...
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