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 First, we will purchase all the Shares properly tendered at or below the Purchase Price and not properly withdrawn by any “odd lot holder” (a stockholder of less than 100 Shares) who tenders all of that holder’s Shares...
- 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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