Tag Archives: share repurchase

        

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



Intrawest Resorts Holdings (SNOW) – Odd Lot Tender Offer – Risk Free upside of 13%

Current Price – $8.77

Offer Price – $9 – $10

Upside – potentially 13% or $120 (if the upper pricing limit is used), otherwise guaranteed return of 2% (if lower pricing limit is used)

Expiration date –  10 February 2016

No proration for odd lot holders

Some thoughts: The price shop up 30% upon tender announcement although only 12% of shares will be purchased. Therefore I would expect price still to decline today or during the next few days, so intiating position



New Senior Investment (SNR) – Dutch Tender with Odd Lot provision – no upside currently

Current Price – $10.11

Offer Price – $9 – $10

Upside – no upside currently

Expiration date –  19 January 2016

SEC Filling

Summary:

New Senior Investment Group Inc is offering to purchase for cash up to $30,000,000 of shares of its common stock, par value $0.01 per share, pursuant to auction tenders at prices specified by the tendering stockholders of not greater than $10.00 per Share nor less than $9.00 per Share. At the maximum purchase price of $10.00 per



Fly Leasing (FLY) – Odd Lot Tender Offer – 5.5% potential upside

As expected Fly Leasing announced Tender Offer details today. Those who purchased upon the yesterday’s recommendation already made a decent profit.

Current Price – $13.51;

Offer Price – $12.7 – $14.25;

Upside – $70 or 5.5% (if the upper pricing limit is used);

Expiration date –  16 December 2015;

No proration for odd lot holders;

SEC Filling

Summary:

Fly Leasing Limited, a Bermuda exempted company, invites our shareholders to tender our common shares, $0.001 par value per share, held by them



MAM Software (MAMS) – Odd Lot Tender Offer – $50 or 7% gain

Current Price – $7;

Offer Price – $7.5;

Upside – 7% or $50 (for odd lot holders);

Expiration date –  1 Dec 2015;

Press release

Summary:

Hennessy Advisors, Inc., a California corporation, invites its shareholders to tender up to $25.0 million in aggregate value of its Common Stock, no par value per share, for purchase by Hennessy Advisors, Inc., at a price of $25.00 per Share, net to the seller in cash. As of August 19, 2015, the Company had 6,025,381 Shares



St. Joe (JOE) – Odd Lot Tender Offer – $110 guaranteed return

Current Price – $16.89;

Offer Price – $18;

Upside – 6.5% or $110 (for odd lot holders);

Expiration date –  22 Sep 2015;

SEC Filling

Summary:

The St. Joe Company is offering to purchase up to 16,666,666 shares of its common stock, no par value, at a price of $18.00 per share, net to the seller in cash, less any applicable withholding taxes and without interest, upon the terms and subject to the conditions set forth in this Offer to Purchase