Xenia Hotels & Resorts (XHR) Tender Offer with Odd-Lot Provision

Company: Xenia Hotels & Resorts
Ticker: XHR
Market Cap: ~$2.4bn
Size of Action: <$125mm
Type of Transaction: Modified Dutch Tender Offer with "Odd Lot" Provision
Current Price: $20.70
Exchange Price: $19.00-$21.00
Potential Gain (%): -8.2%-1.4%
Expiration: 5pm March 5th 2015
Tender Limit (Shares): 99
Max Investment ($): $2,050
Max Gain ($): $30
Sec Filing: Link
Summary: Xenia Hotels & Resorts (XHR) is offering to purchase up to $125mm of shares at $19.00-$21.00.
Odd Lots: ... First, we will purchase all the Shares properly tendered at or below the Purchase Price and not properly withdrawn by any “odd lot holder” (a stockholder of less than 100 Shares) who tenders all of that holder’s Shares...
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