Category Archives: Odd Lot Tender Offers

Company: Columbia Property Trust, Inc. Ticker: CXP Market Cap: $3.0B Size of Action: $300mm Type of Transaction: Tender Offer Current Price: $22.42 Exchange Price: $22.00-25.00 Potential Gain (%): -1.9% to 11.5% Expiration: 11:59 p.m., New York City time, on November … Continue reading →

Company: Polycom Inc Ticker: PLCM Market Cap: 1.83B Size of Action: $250mm Type of Transaction: modified “dutch auction” tender Current Price: $10.77 Exchange Price: Between $10-$11.50 Potential Gain (%): -7.2% to 6.8% Expiration: 5:00 p.m., New York City time, on October 30, 2013 … Continue reading →

Company: WebMD Health Corp. Ticker: WBMD Market Cap: $1.6B Size of Action: $170M Type of Transaction:  Tender offer with odd-lot provision Current Price: $31.76 Exchange Price: $34.00 Potential Gain (%): 7.05% Expiration: September 10, 2013 Tender Limit (Shares): 99 Max … Continue reading →

Company: Thai Fund Inc. Ticker: TTF Market Cap: 308M Size of Action: 46M Type of Transaction: Tender Offer at 98.5% of NAV Current Price: $20.50 Exchange Price: $23.09 (estimate based on current NAV) Potential Gain (%): 13.2% Expiration: September 10, … Continue reading →

Company: Halliburton Company Ticker: HAL Market Cap: 41.2B Size of Action: $3.3B Type of Transaction: modified “Dutch auction” tender offer Current Price: $45.19 Exchange Price: Between $42.50 and not more than $48.50 per share Potential Gain (%): -0.5%-7.3% Expiration: August … Continue reading →

Company:  Western Forest Products, Inc. Ticker:  TSE:WEF Market Cap:  $641.23M Size of Action:  $100M Type of Transaction: Auction Tender Current Price:  $1.37 Exchange Price:  $1.30-$1.50 Potential Gain (%):  -0.5%-9.5% Expiration:  August 12, 2013 Tender Limit (Shares):  99 Max Investment ($):   … Continue reading →

Company: Geeknet Inc Ticker: GKNT Market Cap: 92M Size of Action: 6% of outstanding stock Type of Transaction: Tender offer with odd lot provision (Dutch Auction) Current Price: $13.99 (very illiquid and large bid/ask spread) Exchange Price: Between $12 and … Continue reading →

Company: Cole Real Estate Investments, Inc. Ticker: COLE Market Cap: N/A Size of Action: $250M Type of Transaction: Tender offer with odd-lot provision Current Price: $11.40 Exchange Price: Between $12.25 and $13.00 Potential Gain (%): Between 7.5% to 14% Expiration: … Continue reading →

Company: Pfizer Inc Ticker: PFE Market Cap: 206B Size of Action: 80% of Zoetis (ZTS) or ~13.7B Type of Transaction: Spinoff exchange offer with odd lot provision Current Price: $27.50 as of June 4th Exchange Price: up to 0.9898 shares … Continue reading →

Company: FBR & Co Ticker: FBRC Market Cap: 279M Size of Action: 1.25mil shares or approximately 10% of outstanding share Type of Transaction: Dutch Auction Tender Current Price: $24.40 (June 4th) Tender Price: Between $22.50 and $23.50 Potential Gain (%): … Continue reading →