Monogram Residential Trust (MORE) odd lot tender offer, currently not profitable

  • Company: Monogram Residential Trust
  • Ticker: MORE
  • Market Cap: ~$1.6bn
  • Size of Action: <$100mm
  • Type of Transaction:  tender offer with "odd-lot" provision
  • Current Price: $9.48
  • Exchange Price: $8.50-$9.25
  • Potential Gain (%): NA
  • Expiration: 12/19/14
  • Tender Limit (Shares): 99
  • Max Investment ($): ~$940
  • Max Gain ($): NA
  • Sec Filing: Link
  • Summary: Monogram Residential Trust (MORE) as part of its brand new NYSE listing, intends to buy up to $100mm of its stock at $8.50-$9.25.
  • Odd Lots: ...first, we will purchase all shares of Common Stock tendered by any Odd Lot Holder ...
  • 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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