China Zenix Auto (ZXAIY) – Going Private – 20% Upside
Current Price: $0.9
Target Price: $1.08
Upside: 20%
Expiration Date: Q1 2022
Active ideas
Closed Ideas
JOYY (YY) – Expected Privatization Offer – 45% Upside
Current Price: $59.6
Target Price: $85
Upside: 45%
Expiration Date: TBD
Steel Connect (STCN) – Going Private – Upside TBD
Current Price: $1.90
Target Price: TBD
Upside: TBD
Expiration date: TBD
Rifco (RFC.V) – Going Private – 5% Upside
Current Price: C$1.10
Offer Price: C$1.15
Upside: 5%
Expiration Date: TBD
Ferro Corporation (FOE) – Merger Arbitrage – 8% Upside
Current Price: $20.35
Offer Price $22
Upside: 8%
Expected Close: Q1 2022
Cambria Automobiles (CAMB.L) – Expected Better Offer – Upside TBD
Current Price: £0.75
Offer Price: £0.80 (higher offer is expected)
Upside: 7%
Expected Closing: Q3 2021
Banco Santander Mexico (BSMX) – Expected Higher Offer – Upside TBD
Current Price: $6.19
Offer Price: $6.21
Upside: TBD
Expected Closing: Q3 2021
Ossen Innovation (OSN) – Going Private – 12% Upside
Current Price: $4.57
Offer Price: $5.10
Upside: 12%
Expected Closing: H1 2021
Sogou (SOGO) – Going Private Transaction – 9% Upside
Current Price: $8.26
Offer Price: $9.00
Upside: 9%
Expected Closing: mid-2021
Newater Technology (NEWA) – Going Private – 16% Upside
Current Price: $3.16
Offer Price: $3.65
Upside: 16%
Expected Closing: TBD
China Customer Relations Center (CCRC) – Going Private – 6% Upside
Current Price:$6.15
Offer Price: $6.50
Upside: 6%
Expected Closing: TBD
China XD Plastics (CXDC) – Going Private – 13% Upside
Current Price: $1.06
Offer Price: $1.20
Upside: 13%
Expiration Date: 10th of May 2021
CCUR Holdings (CCUR) – Reverse Stock Split – $270 Upside
Current Price: $2.77
Offer Price: $2.86
Upside: $270 (for 2999 shares)
Expiration Date: TBD
Cellular Biomedicine Group (CBMG) – Going Private – 7% Upside
Current Price: $18.49
Offer Price: $19.75
Upside: 7%
Expected Closing: Q4 2020
CIMC-TianDa Holdings (0445.HK) – Going Private – 8% Upside
Current Price: HK$0.246
Offer Price: HK$0.266
Upside: 8%
Expected Closing: December 2020
Acorn International (ATV) – Going Private – 11% Upside
Current Price: $13.70
Offer Price: $15.22
Upside: 11%
Expected Closing: TBD
Westell Technologies (WSTL) – Reverse Split – $450 Upside
Current Price: $1.05
Offer Price: $1.48
Upside: $450 (for odd-lots)
Expected Closing: late Q3 / early Q4
TMK (TMKS.L) – Going Private – 9.5% Upside
Current price: $2.97
Offer price: $3.25
Upside: 9.5%
Expected Closing: end of July, 2020
Asta Funding (ASFI) – Going Private – 7.5% Upside
Current price: $10.02
Offer Price: $10.75
Upside: 7.5%
Expiration Date: TBD
SORL Auto Parts (SORL) – Going Private – 8% Upside
Current price: $4.37
Cash-out Price: $4.72
Upside: 8%
Expiration Date: expected in Q2 2020
Strad (SDY.TO) – Going Private – 20% Upside
Current Price: C$1.99
Offer Price: C$2.39
Upside: 20%
Expected Closing Date: Late April’20
Parker Drilling (PKD) – Reverse Split – $40 for Odd Lots
Current price: $19.59
Cash-Out Price: $30
Upside: 50%
Expiration Date: expected in Jan 2020
Parker Drilling (PKD) – Reverse Split – $850 Upside (Too Risky)
Current price: $21.45
Cash Out Price: $30.00
Upside: $850 (for odd-lots)
Expiration Date: TDB
Cantabio Pharmaceuticals (CTBO) – Reverse Split – $50 Upside
LeadFX (LFX.TO) – Going Private – 7% Upside
Current Price – C$0.94
Cash-out Price – C$1.00
Upside – 7%
Expiration Date – Oct 2018
AGT Food and Ingredients (AGT.TO) – Going Private – 15% Upside
Radisson Hospitality (RADH.ST) – Mandatory Offer – 10%+ Upside
Current Price – SEK35.5
Buyout Consideration – SEK40+ (expected)
Upside – 10%+ (expected)
Expiration Date – Q4 2018 / Q1 2019 (expected)
Kangaroo Resources (KRL.AX) – Going Private – 11% Upside
Current Price – A$0.135
Acquisition Price – A$0.15
Upside – 11%
Expiration Date – Nov 26th 2018
Canadian Solar (CSIQ) – Going Private – 26% Upside
Current Price – $14.69
Going Private Offer – $18.47
Upside – 26%
Expiration Date – TBD
Pendrell (PCOA) – Reverse Split and Odd Lot Cash Out – 3% or $5,000 Upside
Current Price – $669
Odd Lot Cash Out – $689
Upside – 3% or $5,000 for odd lots
Expiration Date – TBD
China New Borun (BORN) – Going Private – 30% upside
Current Price – $1.29
Acquisition Price – $1.67
Upside – 30%
Expiration Date – TBD
PENDRELL (PCO) – GOING PRIVATE – $31 upside for odd-lots
Current Price – $6.43
Potential Recovery – $6.73
Upside – $31 for odd-lots
Expiration Date – 30th of November 2017
TCP International (TCPIF) – Going Private – 23% upside
ZAIS Group (ZAIS) – Going Private – 23% upside
Current Price – $3.25
Acquisition Price – $4.00
Upside – 23%
Expiration Date – TBD
This is a microcap arbitrage opportunity that was suggested by one of the members (thank you Ivan). CEO is willing to take this failed SPAC private at 23% premium to current share price.
Cimetrix Inc (CMXX)- Going Private Transaction – $199 upside
Current Price – $0.14
Offer Price – $0.15 (for holders of less than 20,000 shares)
Upside – 7% or $199 for holders of 19,999 shares
Expiration date – TBD
Trading Strategy:
Buy 19999 shares of CMXX and wait for the reverse-split
Summary:
To accomplish the reduction in the number of record holders of the Common Stock, the Company will effect a reverse stock split of its outstanding Common Stock, whereby each 20,000 shares of Common Stock outstanding as of the effective date of
Paybox (PBOX) – Reverse Stock Split – 50% upside – Cancelled
Current Price –$0.55
Offer Price – $0.8
Upside – 50% ($250 for holders of less than 1000 shares)
Expiration Date – TBD
Pendrell (PCO) – Going Private – Potential for 18% upside
Current Price – $6.36
Expected Cash-out – $6.55-$7.5
Upside – 18%
Expiration Date – expected by June 30, 2017
In the base case this trade has only $20 upside, but there is an embedded free option which might or might not materialize. It is definitely an interesting case from educational perspective.
Franklin Credit Management (FCRM) – Going Private Transaction – 150% Gain
Current Price – $0.2
Offer Price – $0.5 (for holders of less than 200 shares)
Upside – 150% or $60 for holders of 199 shares
Expiration date – TBD
Cimetrix Inc (CMXX) – Changed terms of going private transaction
Cimetrix announced changed of terms for going private transactions.
Owners of less than 10,000 (previously 20,000) shares will be cashed out upon consummation of the transaction.
Deer Valley Corp (DVLY) – Going Private Transaction – $40 upside
Current Price – $0.57;
Offer Price – $0.73 (for holders of up to 249 shares);
Upside – $40 (for holders of up 249 shares);
Expiration date – TBD (expected by the end of Feb);
Ieg Holdings (IEGH) – Reverse Stock Split – 19% upside
Current Price –$0.48;
Expected pay-off – $0.57;
Upside – 19%;
Expiration Date – October 17, 2016
Lime Energy (LIME) – Going Private – 24% upside (record holders only)
Current Price –$2.02;
Expected pay-off – $2.49;
Upside – 24%;
Expiration Date – TBD (shareholder vote on 10th of November, 2016)
Champion Industries (CHMP) – Going Private Transaction – $20 upside
Current Price – $0.2;
Offer Price – $0.3 (for holders of up to 199 shares);
Upside – $20 (for holders of up 199 shares);
Expiration date – TBD (shareholder meeting to be held on 21st of March);
Utilicraft Aerospace Industries (UITA) – going private transaction – gain $80 by risking only $20
Current Price – $0.008;
Offer Price – $0.04 (for holders of up to 2499 shares);
Upside – $80 or 400% (for holders of up 2499 shares);
Expiration date – TBD;
Surrey Bancorp (SRYB) – Going Private Transaction – $225 return for record holders
Current Price – $12;
Offer Price – $12.75 (for record holders of up to 299 shares);
Upside – $225 or 6% (for record holders holders of up 299 shares);
Expiration date – TBD (shareholder meeting date not yet set);
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
Hancock Fabrics (HKFI) – Going Private Transaction – $200 Gain – Cancelled
Current Price – $1.0
Offer Price – $1.2
Upside – 20% or $200 for Odd Lot holders
Expiration date – not announced yet
Trading Strategy:
Buy 999 shares of HKFI and wait for reverse-split after the shareholder meeting.
Summary:
After careful consideration, our Board of Directors has concluded that the costs associated with being a public reporting company in the U.S. are not justified by the benefits. The primary purpose of the going private transaction is to reduce the number
Emtec (ETEC) – Reverse Stock Split – $800 Gain
Current Price – $1.01
Offer Price – $1.05
Upside – 4% or $800 for holders of 19999 shares
Expiration date – not announced yet
Trading Strategy:
Buy 19999 shares of ETEC and wait for reverse-split to take place, at which point the shares will be cashed out.
Summary:
On April 30, 2013, a Special Committee of the Board (the “Special Committee”) recommended and the Board approved a reverse stock split (the “Reverse Stock Split”) of the Company’s authorized, issued and outstanding common
First Physicians Capital Group (FPCG) – Going Private Transaction – $220 Upside
Current Price – $0.44
Offer Price – $0.55
Upside – 25% or $220 for holders of 1999 shares
Expiration date – not announced yet
Trading Strategy:
Buy 1999 shares of FPCG and wait for reverse-split after the shareholder meeting (meeting date has not been set yet)
Summary:
The Board has authorized a 1-for-2,000 Reverse Stock Split, subject to stockholder approval at the Meeting. The intended effect of the Reverse Stock Split is to reduce the number of record holders of our common
Kansas City Life Insurance (KCLI) – Going Private Transaction – $1130 upside
Current Price – $47.94
Offer Price – $52.5 (for holders of up to 249 shares)
Upside – 9.5% or $1130 (for holders of up 249 shares)
Expiration date – TBD (shareholder vote is scheduled for 15th of December 2015)
Infinity Augmented Reality – Going Private Transaction – 150% upside
Current Price – $0.06
Offer Price – $0.15 (for holders of up to 100 shares)
Upside – 150% or $9 (for holders of up 100 shares)
Expiration date – TBD (shareholder vote is scheduled for 5th of August 2015)
Kent Financial Services – Going Private Transaction – 17% upside
Current Price – $1.5
Offer Price – $1.75
Upside – 17%
Expiration date – Not announced Yet
Summary:
The Board has approved a 2-for-1,771,175 reverse stock split (the “Reverse Split”) such that shareholders owning less than one whole share of our common stock following the Reverse Split will have their fractional shares cancelled and converted into the right to receive the cash consideration described below. The entire going-private transaction, including the Reverse Split and the purchase of fractional shares after
China Housing & Land Development – Going Private Transaction – 28% upside
Current Price – $2.34;
Offer Price – $3 (for holders of up to 50000 shares);
Upside – 28% (for holders of up 50000 shares);
Expiration date – TBD (shareholder voting date still to be scheduled);
Hubbell (HUB.A) – Share Exchange Transaction – 6% expected return
Current Price – HUB.A $118.91, HUB.B $96.85;
Offer – One share of HUB.A will be exchanged into one share of HUB.B + $28.
Upside – 5%
Expiration date – TBD (shareholder vote expected by the end of 2015 or beginning of 2016);
Monarch Cement (MCEM) – Going Private Transaction – $599 potential
Current Price – $29.00
Offer Price – $30.00 (for holders of less than 600 shares)
Upside – 3.5% or $599 for holders of 599 shares
Expiration date – 5th Dec 2014 shareholder meeting to decide whether to proceed with the proposed transaction
Trading Strategy:
Buy 599 shares of MCEM and wait for reverse-split after the shareholder meeting (4th December 2014)
Summary:
The Board of Directors has authorized amendments to the Company’s Articles of Incorporation that would effect a 1-for-600 Reverse Stock