Nam Tai Property (NTP) Tender Offer with Odd-Lot ($40 Gain)

Company: Nam Tai Property
Ticker: NTP
Market Cap: $215mm
Size of Action: ~$15mm
Type of Transaction: Tender Offer with Odd-Lot Provision
Current Price: $5.08
Exchange Price: $5.50
Potential Gain (%): 8.3%
Expiration: 5pm May 29, 2015
Tender Limit (Shares): 99
Max Investment ($): ~$500
Max Gain ($): $42
Sec Filing: Link
Summary: Nam Tai Property (NTP) is offering to buy 3mm shares ($15mm) at $5.50 per share.
Odd Lots: ...we will purchase all shares tendered on a pro rata basis, except for “odd lots” (lots of fewer than 100 shares), which we will purchase on a priority basis...
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