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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