Monthly Archives: September 2016



ZAIS Financial (ZFC) – Tender Offer – 12% upside

Current Price –$14.06;

Offer price – at least $15.36 + $0.4 in dividends, a total of $15.76;

Upside – 12%

The tender offer is expected to be announced at the beginning of Q4 2016 and completed by the end of the quarter. Dividends will be distributed for record holders as of 30th of September 2016.



Procter & Gamble (PG) – Exchange Transaction – $650 upside

Current Price –PG $88.31, COTY $25.99;

Offer Price – $1.075 stock of COTY for $1 stock of PG (subject to upper limit of 3.9033 COTY shares per share of PG);

Upside – 7.5% or $650 for Odd Lot holders;

Expiration date – September 29, 2016;