Chemtura (CHMT) – Odd Lot Tender Offer – $114 potential
Current Price – $23.35
Offer Price – $21.5 – $24.5
Upside – 4.9% or $114 ( for odd lot holders, if the upper pricing limit is used)
Expiration date – 1 December 2014
Condition – Offer is conditioned on the sale of Chemtura AgroSolutions (expected to be closed in time)
Summary:
We are conducting an offer by means of a procedure commonly called a “modified Dutch auction.” Upon the terms and subject to the conditions of the Offer, we