Category Archives: Odd Lot Tender Offers

Company: WebMD Health Corp. Ticker: WBMD Market Cap: $2bn Size of Action: $110mm Type of Transaction: Tender Offer with Odd-Lot Provision Current Price: $53.48 Tender Price: $55.00 Potential Gain (%): ~3% Expiration:  December 15th Tender Limit (Shares): 99 Max Investment ($): $5,300 Max Gain ($): $150 … Continue reading →

Company: Silgan Holdings Ticker: SLGN Market Cap: $3bn Size of Action: $280mm Type of Transaction: Dutch Auction Tender Offer Current Price: $51.01 Tender Price: $45.50 – $52.25 Potential Gain (%): 2.4% Expiration:  November 15, 2016 Tender Limit (Shares): 99 Max Investment ($): $5,050 Max Gain … Continue reading →

Company: Resources Connection Ticker: RECN Market Cap: $500mm Size of Action: $87mm Type of Transaction: Dutch Auction Tender Offer Current Price: $14.45 Tender Price: $13.50 – $16.00 Potential Gain (%): 11% Expiration:  November 15, 2016 Tender Limit (Shares): 99 Max Investment ($): $1,430 Max Gain … Continue reading →

Company: Marine Products Corp. Ticker: MPX Market Cap: $340mm Size of Action: $29mm Type of Transaction: Tender Offer with Odd-Lot Provision Potential Gain (%): ~1% plus potentially more on a earnings beat (see below). Expiration:  Midnight November 1st, 2016 Tender Limit (Shares): 99 Max … Continue reading →

Company: The Procter & Gamble Company Ticker: PG Market Cap: $235bn Size of Action: $10bn Type of Transaction: “Split-Off” Exchange Offer & Reverse Morris Trust Transaction Potential Gain (%): 7.5% Expiration: Midnight Sept. 29, 2016 Tender Limit (Shares): 99 Max Investment ($): ~$8,700 Max Gain … Continue reading →

Company: Lockheed Martin Corporation Ticker: LMT Market Cap: $77bn Size of Action: ~$3bn Type of Transaction: “Split-Off” Exchange Offer & Reverse Morris Trust Transaction Potential Gain (%): 11% Expiration: August 16th Tender Limit (Shares): 99 Max Investment ($): ~$25,000 per investment account Max Gain ($): ~$2,800 per … Continue reading →

Company: TechTarget Inc. Ticker: TTGT Market Cap: $254mm Size of Action: $63mm Type of Transaction: Tender Offer with Odd-Lot Provision Potential Gain (%): not profitable currently Expiration: 5pm June 8th, 2016 Tender Limit (Shares): 99 Max Investment ($): $781 Max … Continue reading →

Company: Asta Funding Ticker: ASFI Market Cap: $121mm Size of Action: up to $30.8mm Type of Transaction: Auction Tender Offer with Odd-Lot Provision Current Price: $9.50-$10.25 Exchange Price: $10.03 Potential Gain (%): -5.3% to 2.2% Expiration: 5pm May 12, 2016 … Continue reading →

Company: Planet Payment Inc. Ticker: PLPM Market Cap: $180mm Size of Action: <$15mm Type of Transaction: Auction Tender Offer with Odd-Lot Provision Current Price: $3.48 Exchange Price: $3.20-$3.60 Potential Gain (%):  -8% to 3.4% Expiration: Midnight April 11, 2016 Tender Limit (Shares): 99 Max Investment … Continue reading →