Danaher (DHR) – Split Off Transaction – $450 upside
Current Price – DHR $87.26, NTCT $31.37
Offer Price – $107.53 stock of NTCT for $100 stock of DHR (subject to upper limit)
Upside – 5.3% or $450 for Odd Lot holders
Expiration date – July 8, 2015
Monthly Archives: May 2015
Apple Hospitality REIT (APLE) – Odd Lot Tender Offer – $100/$300 upside
Current Price – $17.99
Offer Price – $19 – $21
Upside – 16.7% or $300 (for odd lot holders if upper pricing limit is used) or 5.6% or $100 (for odd lot holders if lower pricing limit is used) or
Expiration date – 22 June 2015
Summary:
Apple Hospitality REIT, Inc., a Virginia corporation, is offering to purchase for cash up to $200,000,000 in aggregate Purchase Price (as defined below) of the Company’s common shares, no par value (“Shares”), at
Emcore Corp (EMKR) – Odd Lot Tender Offer – Risk Free Upside of $50
Current Price – $6.26
Offer Price – $6.25 – $6.75
Upside – 7.9% or $49 (for odd lot holders if upper pricing limit is used)
Expiration date – 15 June 2015
Summary:
We are offering to purchase Shares in the Offer up to an aggregate purchase price of $45 million. Upon the terms and subject to the conditions of the Offer, we will determine a single per Share price that we will pay for Shares properly tendered and not
Broadview Institute (BVII) – Going Private Transaction – 67% upside (low liquidity)
Current Price – $0.03
Offer Price – $0.05 (for holders of up to 3.38m shares)
Upside – 67%
Expiration date – TBD
Nam Tai Property (NTP) – Odd Lot Tender Offer – $30 guaranteed return
Current Price – $5.19
Offer Price – $5.5
Upside – 6% or $31
Expiration date – 29 May 2015
Summary:
Nam Tai Property Inc., a British Virgin Islands corporation (the “Company”), is offering to purchase up to 3,000,000 shares of the Company’s common stock, par value $0.01 per share (the “Company Common Stock”) at a price of $5.50 per share. The 3,000,000 shares represent approximately 7 % of our issued and outstanding Company Common Stock as of April 28, 2015
No
KCG Holdings (KCG) – Odd Lot Tender Offer – risk free upside of $50
Current Price – $13.48
Offer Price – $13.5 – $14
Upside – 3.7% or $50 (for odd lot holders if upper pricing limit is used)
Expiration date – 2 June 2015
Summary:
KCG Holdings, Inc. is offering to purchase for cash up to $330,000,000 of shares of our Class A Common Stock, par value $0.01 per share, at a price not greater than $14.00 nor less than $13.50 per Share, net to the seller in cash.
If the Offer is fully