Tag Archives: Corporate action

Global Sources (GSOL) – Odd Lot Tender Offer – 10% guaranteed upside

As expected, GSOL has included odd lot provision in their tender offer. Updated details below”

Current Price – $6.81;

Offer Price – $7.5;

Upside – $68 or 10%;

Expiration date –  27 July, 2015;

SEC Filling

Summary:

Global Sources Ltd. (NASDAQ: GSOL) intends to commence an issuer tender offer by the end of June 2015, with expected completion before the end of July 2015, for up to 6,666,666 shares, or approximately 22.05% of its outstanding common shares as of April 30,

Danaher (DHR) – Split off Transaction – $635 upside

Danaher has updated the split off offer by increasing the upper limit and the situation became profitable one more time.

Current Price – DHR $85.44, NTCT $38.42

Offer Price – $107.53 stock of NTCT for $100 stock of DHR (subject to upper limit)

Upside – 7.5% or $636 for Odd Lot holders

Expiration date – July 9, 2015

Global Sources (GSOL) – Tender Offer with likely Odd Lot provision – 8% potential

Current Price – $6.96

Offer Price – $7.5

Upside – $53 or 8%

Expiration date –  TBD

There is no info yet whether there will be odd lot provisions, but previous GSOL tenders in (2010 and 2014) had odd lot provisions.

SEC Filling

Summary:

Global Sources Ltd. (NASDAQ: GSOL) intends to commence an issuer tender offer by the end of June 2015, with expected completion before the end of July 2015, for up to 6,666,666 shares, or approximately 22.05% of its

Wendy’s (WEN) – Odd Lot Tender Offer – $100 potential upside

Current Price – $11.27

Offer Price – $11.05 – $12.25

Upside – $97 or 9% (if the upper pricing limit is used)

Expiration date –  30 June 2015

SEC Filling

Summary:

Wendy’s Company is offering to purchase for cash shares of its common stock, par value $0.10 per share, pursuant to auction tenders at prices specified by the tendering stockholders of not less than $11.05 nor greater than $12.25 per share. Assuming that the Offer is fully subscribed, if the Purchase Price

Copart (CPRT) – Odd Lot Tender Offer – minimal upside at the moment

Current Price – $35.75

Offer Price – $34.75 – $36

Upside – minimal potential upside currently

Expiration date –  6 July 2015

SEC Filling

Summary:

Copart, Inc., a Delaware corporation, is offering to purchase up to 13,888,888 shares of our common stock, $0.0001 par value, at a purchase price not greater than $36.00 nor less than $34.75 per share. We will purchase up to 13,888,888 shares in the Offer (representing approximately 11.0% of our outstanding shares as of June 3, 2015), or if

Danaher (DHR) – Split Off Transaction – $450 upside

Current Price – DHR $87.26, NTCT $41.27

Offer Price – $107.53 stock of NTCT for $100 stock of DHR (subject to upper limit)

Upside – 5.3% or $450 for Odd Lot holders

Expiration date – July 8, 2015

Emcore Corp (EMKR) – Odd Lot Tender Offer – Risk Free Upside of $50

Current Price – $6.26

Offer Price – $6.25 – $6.75

Upside – 7.9% or $49 (for odd lot holders if upper pricing limit is used)

Expiration date –  15 June 2015

SEC Filling

Summary:

We are offering to purchase Shares in the Offer up to an aggregate purchase price of $45 million. Upon the terms and subject to the conditions of the Offer, we will determine a single per Share price that we will pay for Shares properly tendered and not

KCG Holdings (KCG) – Odd Lot Tender Offer – risk free upside of $50

Current Price – $13.48

Offer Price – $13.5 – $14

Upside – 3.7% or $50 (for odd lot holders if upper pricing limit is used)

Expiration date –  2 June 2015

SEC Filling

Summary:

KCG Holdings, Inc. is offering to purchase for cash up to $330,000,000 of shares of our Class A Common Stock, par value $0.01 per share, at a price not greater than $14.00 nor less than $13.50 per Share, net to the seller in cash.

If the Offer is fully

Celestica (CLS) – Odd Lot Tender Offer – 9% upside

Current Price – $12.24

Offer Price – $11.7 – $13.3

Upside – 9% or $105 (for odd lot holders if upper pricing limit is used)

Expiration date –  1 June 2015

SEC Filling

Summary:

Celestica Inc. invites the holders of its subordinate voting shares to tender, for purchase and cancellation by the Corporation, up to US$350,000,000 in value of its Shares pursuant to (i) auction tenders in which the tendering holders of Shares specify a price of not less than US$11.70 per Share and not more

Intelligent Systems (INS) – Odd Lot Tender Offer – minimal upside currently

Current Price – $2.95

Offer Price – $2.55 – $3.00

Upside – $5 (opportunity might improve before the offer expires as stock is volatile on a daily basis)

Expiration date –  19 May 2015

SEC Filling

Summary:

Intelligent Systems Corporation, a Georgia corporation, is offering to purchase for cash by means of a “modified Dutch auction” (described below) shares of its common stock, par value $0.01 per share, pursuant to (i) auction tenders at prices specified by the tendering shareholders of