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Garret Motion (GTXMQ) – Expected Better Offer – 10%+ Upside

Current Price: $6.40

Offer Price: $7.00+ (with potential increase)

Upside: 10%+

Expiration date: TBD

69 comments

Feb 02, 2021

SUBMIT IDEA

RECENT COMMENTS

Zagg (ZAGG)
FWIW, several sites list the loan as 'forgiven' per July, 8. (note: CVR payout of $0.25 depends on loan forgiveness).…
Writser on Dec 8, 2021
51job (JOBS)
Agree this is very interesting here and have been involved since the spring, began buying in low 70s and have…
Joshua on Dec 8, 2021
51job (JOBS)
Maybe an idea to open this one up again? Upside is 50% here. (shameless talking my book here since I…
ijw on Dec 8, 2021
Nam Tai Property (NTP)
Hi Ilja, where did you get the already invested Capex figure of $300M that you mention in the writeup? Thanks!
AG on Dec 8, 2021
BrightSphere Investment Group (BSIG)
There are different ways to hedge tender proration with options, but the most straightforward one is to buy puts for…
dt on Dec 8, 2021
BrightSphere Investment Group (BSIG)
Can you help me understand how the options hedge works - would a trader initially hedge (sell call, buy put)…
CharlieSays on Dec 8, 2021
BrightSphere Investment Group (BSIG)
my view is the weakness pre market, and early trading today, was in response to what I think was a…
g4734g on Dec 7, 2021
BrightSphere Investment Group (BSIG)
seems like they did not make any money if they hedged with 30 puts and got in at 30.50......$1 gain…
g4734g on Dec 7, 2021
BrightSphere Investment Group (BSIG)
Interesting that those puts were so cheap, there was also a bid for the 30 calls . Meanwhile the stock…
Jim Davis on Dec 7, 2021
BrightSphere Investment Group (BSIG)
51% will be bought . not bad Large arbs made money , they paid avg 50c to hedge. Made at…
Jim Davis on Dec 7, 2021
Steel Connect (STCN)
We’ve consolidated all our Steel Connect reports and our recent letters to the Board here: https://www.hillandaleadvisors.com/steelconnect-news
Matt Hultquist on Dec 7, 2021
Nam Tai Property (NTP)
Destroyed . Value or dead money ?
Jim Davis on Dec 6, 2021
BrightSphere Investment Group (BSIG)
Shares got removed from my account today.
WeagleWeagle123 on Dec 6, 2021
BrightSphere Investment Group (BSIG)
That is correct, the MGM tender (and the rest of the market) was blindsided by the initial virus panic last…
CharlieSays on Dec 6, 2021
BrightSphere Investment Group (BSIG)
I forgot about that MGM thing, but in that case wasn't the price well below the lower bound long before…
Jim Davis on Dec 6, 2021
BrightSphere Investment Group (BSIG)
The filing says a 10% drop in the indices (since 11/9). So far the major indices are down ~3.5%. So…
AK on Dec 4, 2021
BrightSphere Investment Group (BSIG)
There are only a few days left before RRR expiration. How far would the price have to drop in the…
AK on Dec 4, 2021
FNBH Bancorp (FNHM)
FNBH Bancorp/Bank of Ann Arbor merger thesis played out as expected and resulted in +5% in 3.5 months.
Ilja on Dec 4, 2021
BrightSphere Investment Group (BSIG)
if you are tendering shares which will not be settled by Monday, broker deadline is irrelevant, as DT and others…
g4734g on Dec 4, 2021
BrightSphere Investment Group (BSIG)
While anything is possible, I think it is unlikely the tender is cancelled, as expiration is Monday and Paulson would…
CharlieSays on Dec 3, 2021
BrightSphere Investment Group (BSIG)
10% drop could lead to them cancelling, glad I only limited this to odd lot tender. In other words RRR…
WeagleWeagle123 on Dec 3, 2021
BrightSphere Investment Group (BSIG)
hate to ask , but any chance of them cancelling the tender. lol would be very embarrassing to do that…
Jim Davis on Dec 3, 2021
BrightSphere Investment Group (BSIG)
price drop was almost certain, the question of how much is a product of the selloff
Jim Davis on Dec 3, 2021
BrightSphere Investment Group (BSIG)
Was there any way to tell that the price would drop? Just want to learn.
jwestern on Dec 3, 2021
BrightSphere Investment Group (BSIG)
Don't know why I assumed there was one . Never assume anything. Double check everything ;-) I bought before today,…
Jim Davis on Dec 3, 2021
BrightSphere Investment Group (BSIG)
Was about to write this. No guaranteed delivery. So probably those buying today will not be able to submit shares…
dt on Dec 3, 2021
BrightSphere Investment Group (BSIG)
Hope I saved some of you some pain with that info
Jim Davis on Dec 3, 2021
BrightSphere Investment Group (BSIG)
Was concerned myself, but I dont see a guaranteed delivery on this. Thought there was one, but that would explain…
Jim Davis on Dec 3, 2021
BrightSphere Investment Group (BSIG)
IB seems to allow to tender till Monday 13:00. "The deadline to submit shares to this offer will be 2021-12-06…
dt on Dec 3, 2021
BrightSphere Investment Group (BSIG)
Schwab gave me until tonight. Regardless I was a bit surprised at the drop.
nuggy5 on Dec 3, 2021

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Disclaimer - nothing on this site should be considered as investment advice or trading recommendation. This is not a financial services site, all information is presented for educational purposes only. Site and its owners take no liabilities or responsibilities for any actions of third parties that were made based on information presented on the site. All readers carry their own due diligence and invest at their own risk.