Category Archives: Odd Lot Tender Offers

Company: American Realty Capital Healthcare Trust (IPO on 7/4/14) Ticker: NASDAQ:HCT Market Cap: $1.9B Size of Action: ~$150mm Type of Transaction:  Tender Offer with Odd-Lot Provision Current Price: $10.55 Exchange Price: $11.00 Potential Gain (%): 4.3% Expiration: 12:00 Midnight on … Continue reading →

*UPDATED 5/22/14* Company: Global Sources Ltd. Ticker: GSOL Market Cap: $300mm Size of Action: ~$50mm Type of Transaction:  cash tender offer Current Price: $8.51 Exchange Price: $10 Potential Gain (%): ~17.5% Expiration: 12:00 Midnight May 28, 2014 Tender Limit (Shares): … Continue reading →

  Company: Steel Partners Holdings L.P Ticker: SPLP Market Cap: $522mm Size of Action: $49mm Type of Transaction:  modified “Dutch Auction” tender offer Current Price: $16.97 Exchange Price: $16.50-$17.50 Potential Gain (%): -3% to 3% Expiration: 5pm April 23, 2014 … Continue reading →

Company: Genpact Ticker: G Market Cap:  $4B Size of Action: up to $300mm Type of Transaction:  modified “Dutch auction” tender offer Current Price: $17.34 Exchange Price: $16.50-$18.00 Potential Gain (%):  -5%-4% Expiration: 12:00 Midnight April 2, 2014 Tender Limit (Shares): … Continue reading →

Company: Credit Acceptance Corp. Ticker: CACC Market Cap: $3.25B Size of Action: ~2.8% of S/O or $85mm Type of Transaction:  Tender Offer with Odd-Lot Provision Current Price: $138.80 Exchange Price: $133.35 Potential Gain (%): NA Expiration: March 26, 2014 5pm … Continue reading →

Company: Helen of Troy Limited Ticker: HELE Market Cap: $2bn Size of Action: <$3oom Type of Transaction:  Tender Offer with “Odd-Lot” Provision Current Price: $62.36 Exchange Price: $57.75-$66.50 Potential Gain (%): -7% to 7% Expiration: 12:00 Midnight on March, 10 … Continue reading →

Company: Outerwall Inc. Ticker: OUTR Market Cap: $1.9B Size of Action: $350MM Type of Transaction:  modified “dutch auction” tender offer Current Price: $71.40 Exchange Price: $66.82-$76.32 Potential Gain (%): -6% to 7% Expiration: 12:00 Midnight EST, March 7, 2014 Tender … Continue reading →

  Company: The Wendy’s Corporation Ticker: WEN Market Cap: $3.55b Size of Action: up to $275mm Type of Transaction: modified “dutch” auction tender with odd-lot provision Current Price: $9.05 Exchange Price: $8.50-$9.25 Potential Gain (%): -6% to 2% Expiration: 12:00 … Continue reading →

Company: Taro Pharmaceutical Industries Ltd Ticker: TARO Market Cap: $4.43B Size of Action: $200mm (4.6% of outstanding) Type of Transaction: modified “dutch” tender offer Current Price: $99 Exchange Price: $84.50-$97.50 (Tender Complete at $97.50) Potential Gain (%): N/A Expiration: 12:00 … Continue reading →

Company: Bridgepoint Education Inc Ticker: NYSE:BPI Market Cap: $1B Size of Action: 10.25mm shares or 18.8% of shares outstanding Type of Transaction: Tender offer (cash) Current Price: $18.18 Exchange Price: $19.50 Potential Gain (%): 7.3% Expiration: 5PM EST 12/11/13 Tender … Continue reading →