Tucows (TCX) tender offer with odd-lot provision
- Company: Tucows
- Ticker: TCX
- Market Cap: ~$200mm
- Size of Action: <$8mm
- Type of Transaction: modified "dutch" tender offer with odd-lot provision
- Current Price: $18.19
- Exchange Price: $16.50-$18.50
- Potential Gain (%): -9% to 2%
- Expiration: 5pm 1/7/15
- Tender Limit (Shares): 99
- Max Investment ($): ~$1,800
- Max Gain ($): ~$30
- Sec Filing: Link
- Summary: Tucows (TCX) is offering to purchase up to $8mm of its shares between $16.50-$18.50.
- Odd Lots: ...we will, prior to prorating shares of common stock held by others, accept all shares of common stock tendered by all shareholders who own, beneficially or of record, a number of shares that is less than or equal to 99 (provided that such “odd-lot” shareholders have tendered all of their shares of common stock)...
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