Monthly Archives: September 2014



Rand WorldWide (RWWI) – Odd Lot Tender Offer – no upside currently

Current Price – $1.24

Offer Price - $1.20

Upside - no upside currently

Expiration date - 3 Nov 2014

Odd Lot holders (less than 100 shares) are not subject to proration

SEC Filling

Summary:

Rand Worldwide, Inc. (OTCBB: RWWI), a global provider of technology solutions to organizations with engineering design and information technology requirements, announced today that it intends to conduct aself-tender offer to repurchase up to 27,530,816 shares of its common stock at a purchase price of $1.20 per share. The number of



Credit Acceptance Corp (CACC) – Odd Lot Tender Offer – $56 Gain

Current Price – $124.97

Offer Price - $125.54

Upside - 0.5% or $56

Expiration date – October 20, 2014

Odd Lot holders (less than 100 shares) are not subject to proration

SEC Filling

Summary:

Credit Acceptance Corporation, a Michigan corporation, is offering to purchase up to 995,698 shares of its common stock, par value $0.01 per share, at a price of $125.54 per share, net to the seller in cash. 995,698 shares represents 4.6% of our outstanding common stock as of September 1, 2014.

No proration



GP Strategies (GPX) – Odd Lot Tender Offer – $151 potential

Current Price – $27.47

Offer Price – $26 – $29

Upside – 5.5% or $151 (if the upper pricing limit is used)

Expiration date – 29 September 2014

SEC Filling

Summary:

GP Strategies Corporation, a Delaware corporation, invites our stockholders to tender up to $80 million in value of shares of our common stock, par value $0.01 per share, for purchase by us at a price not greater than $29.00 nor less than $26.00 per Share, net to the seller in



Monarch Cement (MCEM) – Going Private Transaction – $599 potential

Current Price – $29.00

Offer Price – $30.00 (for holders of less than 600 shares)

Upside – 3.5% or $599 for holders of 599 shares

Expiration date – 5th Dec 2014 shareholder meeting to decide whether to proceed with the proposed transaction

SEC Filling

Trading Strategy:

Buy 599 shares of MCEM and wait for reverse-split after the shareholder meeting (4th December 2014)

Summary:

The Board of Directors has authorized amendments to the Company’s Articles of Incorporation that would effect a 1-for-600 Reverse Stock