White Mountains (WTM) Odd-Lot Tender Offer

  • Company: White Mountains Insurance Group
  • Ticker: WTM
  • Market Cap: $3.7bn
  • Size of Action:  ~$425mm
  • Type of Transaction: Tender Offer with Odd-Lot provision
  • Current Price: $870.00
  • Tender Price: $825-$875
  • Potential Gain (%): -5% to 1%
  • Expiration: September 14, 2017
  • Tender Limit (Shares): 99
  • Max Investment ($): ~$85k
  • Max Gain ($): ~$500
  • Link: Filing
  • Summary: White Mountains (WTM) is offering to purchase up to ~$425mm of its shares between $825 and $875 per share.
  • Odd Lot Provision:   ....First, we will purchase all "odd lots" of less than 100 Shares at the Purchase Price from shareholders who properly tender all of their Shares at or below the Purchase Price and who do not properly withdraw them before the Expiration Time....
  • 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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