Current Price – $150.17
Offer Price – $142 – $160
Upside – potentially 5.5% or $990 (if the upper pricing limit is used)
Expiration date – 8 June 2016
Corporate action
Information Services Group (III) – Odd Lot Tender Offer – minimal upside currently
Current Price – $3,7
Offer Price – $3,3- $4,0
Upside – potentially 10% or $30 (if the upper pricing limit is used)
Expiration date – 7 April 2016
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);
New Senior Investment (SNR) – Dutch Tender with Odd Lot provision – no upside currently
Current Price – $10.11
Offer Price – $9 – $10
Upside – no upside currently
Expiration date – 19 January 2016
Summary:
New Senior Investment Group Inc is offering to purchase for cash up to $30,000,000 of shares of its common stock, par value $0.01 per share, pursuant to auction tenders at prices
MAM Software (MAMS) – Odd Lot Tender Offer – $50 or 7% gain
Current Price – $7;
Offer Price – $7.5;
Upside – 7% or $50 (for odd lot holders);
Expiration date – 1 Dec 2015;
Summary:
Hennessy Advisors, Inc., a California corporation, invites its shareholders to tender up to $25.0 million in aggregate value of its Common Stock, no par value per share, for purchase by
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);
Hennessy Advisors (HNNA) – Odd Lot Tender – $43 guaranteed return
Current Price – $24.57;
Offer Price – $25;
Upside – 2% or $43 (for odd lot holders);
Expiration date – 18 Sep 2015;
Summary:
Hennessy Advisors, Inc., a California corporation, invites its shareholders to tender up to $25.0 million in aggregate value of its Common Stock, no par value per share, for purchase by
Condor Hospitality Trust (CDOR) – Offer to Exchange – 8% upside (Cancelled)
Company is offering to exchange each Series A Preferred Stock (Ticker CDORP) for 5.38 shares of common stock (Ticker CDOR). There is similar exchange with Series B Preferred stock, but currently there is no upside on it.
Current Price CDORP – $8;
Current Price CDOR – $1.61;
Value of CDORP if exchanged for 5.38 CDOR
National Bank Holdings (NBHC) – Tender Offer with Odd Lot Provision – $110 potential upside
Current Price – $21.39;
Offer Price – $19.6 – $22.5;
Upside – $110 or 5% (if the upper pricing limit is used)
Expiration date – 31 July 2015
Summary:
National Bank Holdings Corporation, a Delaware corporation, hereby offers to purchase for cash up to $100.0 million of shares of its issued and outstanding Class A
Cryo-Cell (CCEL) – Odd Lot Tender Offer – 7% expected gain
Warning: This tender is by micro-cap listed on pink-sheets – as such there is way more risk that the tender offer will be carried through as described. Do your own research before investing.
Current Price – $3.02;
Offer Price – $3.25;
Upside – 7% or $22 (for odd lot holders)
Expiration date – 28 July 2015