Renren (RENN) Tender Offer with “Odd-Lot” Provision (not currently profitable)
- Company: Renren
- Ticker: RENN
- Market Cap: $945mm
- Size of Action: >$50mm
- Type of Transaction: Dutch Tender Offer with "Odd-Lot" Provision
- Current Price: $2.74
- Exchange Price: $2.40-$2.75
- Potential Gain (%):
- Expiration: Midnight April 29, 2015
- Tender Limit (Shares): 99
- Max Investment ($): $270
- Max Gain ($): NA
- Sec Filing: Link
- Summary: Renren (RENN) is offering to buy up to $50mm of its shares at $2.40-$2.75. With the current price at $2.74, we advise waiting for a pullback.
- 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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