Monthly Archives: July 2015



TIER REIT (TIER) – Odd Lot Tender Offer – $150 return

Current Price – $17.5

Offer Price – $19 – $21

Upside – $150 or 8.5% (if lower pricing limit is used)

Expiration date –  19 August 2015

No proration for odd lot holders

SEC Filling

Summary:

TIER REIT, Inc., hereby offers to purchase for cash up to $50 million in value of shares of its common stock, par value $0.0001 per share, at a price specified by the tendering stockholders of not greater than $21.00 nor less than $19.00 per share of



InspireMD (NSPR) – Reverse Stock Split – 1000% upside

Although 1000% might look good, in absolute value it is worth only $2 (from $0.22 to $2.27), but I thought this was still an interesting case for educational purposes.

The reason for such a large upside is that InspireMD is doing reverse stock split (10 for 1) and instead of cashing out the fractional shares, it will round up to the nearest whole share. So anyone who has between 1-10 current shares will receive a single post-reverse-split share. So if



National Bank Holdings (NBHC) – Tender Offer with Odd Lot Provision – $110 potential upside

Current Price – $21.39;

Offer Price – $19.6 – $22.5;

Upside – $110 or 5% (if the upper pricing limit is used)

Expiration date –  31 July 2015

SEC Filling

Summary:

National Bank Holdings Corporation, a Delaware corporation, hereby offers to purchase for cash up to $100.0 million of shares of its issued and outstanding Class A common stock, at a price not less than $19.60 and not more than $22.50 per share. Assuming that the conditions to the tender offer are satisfied

 

Cryo-Cell (CCEL) – Odd Lot Tender Offer – 7% expected gain

Warning: This tender is by micro-cap listed on pink-sheets – as such there is way more risk that the tender offer will be carried through as described. Do your own research before investing.

Current Price – $3.02;

Offer Price – $3.25;

Upside – 7% or $22 (for odd lot holders)

Expiration date –  28 July 2015

SEC Filling

Summary:

Cryo-Cell International, Inc., a Delaware corporation, is offering to purchase up to 750,000 shares of its common stock, par value $0.01 per share,