Tag Archives: dutch auction

         

CRA International (CRAI) – Odd Lot Tender Offer – 5% potential upside

Current Price – $18.88

Offer Price – $18.00- $19.75

Upside – potentially 5% or $90 (if the upper pricing limit is used)

Expiration date –  21 March 2016

No proration for odd lot holders

SEC Filling

Summary:

We are conducting the tender offer through a procedure commonly called a modified “Dutch Auction.” This procedure allows you to select the price per share (in increments of $0.25) within a price range specified by us at which you are willing to sell your



Update on SNOW and SPIL

A quick update on couple transaction posted on www.specialsituationinvestments.com

SNOW - currently trades at $8.28 vs lower buyout limit of $9. Tender Offer closes in a week.

SPIL - provided update regarding regulatory approval as well as extension of offer till March 17th (here). Response from the regulator was: “With respect to the filing of the merger of enterprises between Advanced Semiconductor Engineering, Inc. and Siliconware Precision Industry Co., Ltd., the Fair Trade



Franklin Covey (FC) – Dutch Auction with Odd Lot provision – 9% potential upside

Current Price – $16.29

Offer Price – $15.5 – $17.75

Upside – 9% or $140 (if the upper pricing limit is used)

Expiration date –  12 January 2016

SEC Filling

Summary:

We are offering to purchase up to $35,000,000 in value of shares in the Offer. On the terms and subject to the conditions of the Offer, we will determine a single per share price, not greater than $17.75 per share nor less than $15.50 per share, net to



Copart (CPRT) – Odd Lot Tender Offer – $200 potential upside

Current Price – $39.05

Offer Price – $38 – $41

Upside – 5% or $200 (if the upper pricing limit is used)

Expiration date –  23 December 2015

SEC Filling

Summary:

Copart, Inc., is offering to purchase up to 7,317,073 shares of our common stock, $0.0001 par value, at a purchase price not greater than $41.00 nor less than $38.00 per share. This offer represents approximately 6.1% of CPRT outstanding shares as of November 23, 2015

No proration for Odd Lot holders:

First, we will purchase



Willis Lease Finance Corp (WLFC) – Odd Lot Tender Offer – minimal upside currently

The share price shot up right after the announcement but might reverse during the course of the tender.

Current Price – $17.39;

Offer Price – $15.5 – $18;

Upside – $60 or 3.5% (if the upper pricing limit is used);

Expiration date –  16 December 2015;

No proration for odd lot holders;

SEC Filling

Summary:

Willis Lease Finance Corporation is offering to purchase for cash up to 516,129 shares of its outstanding common stock, pursuant to auction tenders at prices specified by



Nathan’s Famous (NATH) – Tender Offer with Odd Lot provision – $250 potential upside

Current Price – $33.43;

Offer Price – $33 – $36;

Upside – $250 or 7.5% (if the upper pricing limit is used);

Expiration date –  16 Oct 2015;

SEC Filling

Summary:

Nathan’s Famous today announced that it will commence mailing to its stockholders on or about  September 18, 2015 a modified Dutch Auction tender offer to purchase for cash up to 500,000 shares of its common stock, $.01 par value, at a price per share of not less than $33.00 nor greater than $36.00, for