St. Joe Company (JOE) Odd-Lot Tender ($60 Gain)

  • Company: St. Joe Company
  • Ticker: JOE
  • Market Cap: $1.6bn
  • Size of Action: ~$300mm
  • Type of Transaction:  Tender Offer with Odd-Lot Provision
  • Current Price: $17.38
  • Exchange Price: $18.00
  • Potential Gain (%): 3.6%
  • Expiration: 5pm September 22nd, 2015
  • Tender Limit (Shares): 99
  • Max Investment ($): $1,720
  • Max Gain ($): ~$60
  • Sec Filing: Link
  • Summary: St. Joe (JOE) is offering to purchase up to 16.6mm of its shares at $18.00 per share.
  • 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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