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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