Silgan Holdings (SLGN) Tender Offer with Odd-Lot Provision

Company: Silgan Holdings
Ticker: SLGN
Market Cap: $3.6bn
Size of Action: <$200mm
Type of Transaction: Modified Dutch Auction Tender with Odd-Lot Provision
Current Price: $57.24
Exchange Price: $54.75-$58.50
Potential Gain (%): -4.4%-2.0%
Expiration: 5pm March 10th, 2015
Tender Limit (Shares): 99
Max Investment ($): $5,667
Max Gain ($): $125
Sec Filing: Link , Press Release
Summary: Silgan Holdings (SLGN) is buying <$200mm of its shares between $54.75-$58.50.
Odd Lots: ...first, all shares owned in “odd lots” (fewer than 100 shares) that have been properly tendered at or below the Selected Price ...
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