HCG is listed in Canada and all prices below are in Canadian dollars.
Current Price – $36,11
Offer Price – $34- $38
Upside – potentially 10% or $180 (if the upper pricing limit is used)
Expiration date – 15 April 2016
No proration for odd lot holders
Summary:
Home Capital Group hereby offers to purchase common shares of the Company validly tendered and not properly withdrawn (the “Shares”) having an aggregate purchase price not exceeding $150,000,000. The purchase price per Share will be determined by the Company in the manner described below but will not be less than $34.00 and not more than $38.00
The maximum of 4,411,765 Shares that the Company is offering to purchase hereunder represents approximately 6.31% of the total number of Shares issued and outstanding as at March 8, 2016. Assuming the Offer is fully subscribed, the minimum of 3,947,368 Shares that the Company is offering to purchase hereunder represents approximately 5.64% of the total number of Shares issued and outstanding as at March 8, 2016
No proration for odd lot holders
Without proration, all Shares deposited or deemed to be deposited for purchase equal to or less than the Purchase Price by holders of odd lots of less than 100 shares who have deposited all of their Shares to the Offer
Source and amount of funds
The Company will fund any purchases of Shares pursuant to the Offer from available cash on hand