Category Archives: Odd Lot Tender Offers

Company: Fresh Del Monte Produce Inc. Ticker: FDP Market Cap: $1.9B Size of Action: <$175mm Type of Transaction:  Tender Offer with “Odd-Lot” provision Current Price:  $33.60 Exchange Price: $30.50-$34.50 Potential Gain (%): -9.2%-2.7% Expiration: 11:59pm December 2nd, 2014 Tender Limit … Continue reading →

Company: Chemtura Corporation Ticker: CHMT Market Cap: $2B Size of Action: $300mm Type of Transaction:  Modified Dutch Auction Tender Offer Current Price: $23.35 Exchange Price: $21.50-$24.50 Potential Gain (%): -7.9%-4.9% Expiration: 12:00 Midnight, December 1st Tender Limit (Shares): 99 Max … Continue reading →

Company: Credit Acceptance Corp. Ticker: CACC Market Cap: $2.8bn Size of Action: ~$125mm Type of Transaction:  tender offer with Odd-Lot provision Current Price: $124.85 Exchange Price: $125.54 Potential Gain (%): 0.6% Expiration: 5pm on October 20, 2014 Tender Limit (Shares): … Continue reading →

Company: GP Strategies Corp. Ticker: GPX Market Cap: $522mm Size of Action: $80mm Type of Transaction:  Dutch Auction Tender Offer with “Odd-Lot” Provision Current Price: $27.35 Exchange Price: $26.00-$29.00 Potential Gain (%): -4.9% to +6% Expiration: 12:00 Midnight on September … Continue reading →

Company: WebMD Health Corp. Ticker: WBMD Market Cap: $1.8B Size of Action: $97mm Type of Transaction:  Tender offer with odd-lot provision Current Price: $47.74 Exchange Price: $48.50 Potential Gain (%): 1.6% Expiration: 5pm EST, September 9, 2014 Tender Limit (Shares): … Continue reading →

Company: FBR & Co Ticker: FBRC Market Cap: ~$302mm Size of Action: ~$30mm Type of Transaction:  “dutch auction” tender offer Current Price: $28.01 Tender Price: $28.00-$29.00 Potential Gain (%): ~0-3.5% Expiration: Midnight, August 20th 2014 Tender Limit (Shares): 99 Max … Continue reading →

Company: CBS Corporation Ticker: CBS Market Cap: ~$35bn Size of Action: ~$3bn Type of Transaction:  Exchange Offer with Odd-Lot Provision Current Price: $60.88 Exchange Price: CBS shareholders are expected to receive $107.53 of CBSO every $100 of CBS tendered. Potential … Continue reading →

Company: United Development Funding IV Ticker: UDF Market Cap: ~$633mm Size of Action: ~$34mm Type of Transaction:  Tender Offer with Odd-Lot Provision Current Price: $19.60 Exchange Price: $20.50 Potential Gain (%): 4.6% Expiration: 12:01am EST on July 2, 2014 Tender … Continue reading →

Company: Weyerhaeuser Co. Ticker: WY Size of Action: ~$2.2bn Type of Transaction: split-off exchange offer and “reverse morris trust” merger Current Price: $30.35 Exchange Price: WY shareholders expected to receive $1.11 of TPH  per $1.00 of WY Potential Gain (%): ~11% … Continue reading →

Company: New York REIT, Inc. Ticker: NYRT Size of Action: $250mm Type of Transaction:  Tender Offer Current Price: $10.55 Exchange Price: $10.75 Potential Gain (%): ~1.9% Expiration: 12:00 Midnight on May 12, 2014 Tender Limit (Shares): 99 Max Investment ($): … Continue reading →