Tag Archives: Corporate action



MCG Capital (MCGC) – Odd Lot Tender Offer – minimal upside currently

Current Price – $3.64

Offer Price – $3.25 – $3.75

Upside – 3% or $11 ( for odd lot holders, if the upper pricing limit is used)

Expiration date –  3 December 2014

SEC Filling

Summary:

MCG Capital Corporation hereby offers to purchase for cash up to $75.0 million of shares of its issued and outstanding common stock. We are offering to purchase the shares at a price not less than $3.25 and not more than $3.75 per share, less any applicable



Fresh Del Monte Produce (FDP) – Odd Lot Tender Offer – $136 potential

Current Price – $33.13

Offer Price – $30.5 – $34.5

Upside – 4.1% or $136 ( for odd lot holders, if the upper pricing limit is used)

Expiration date –  2 December 2014

SEC Filling

Summary:

We are conducting an offer by means of a procedure commonly called a “modified Dutch auction.” We are offering to purchase for cash our ordinary shares, pursuant to (i) Auction Tenders at prices specified by the tendering shareholders of not less than $30.50 nor greater than $34.50



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)

SEC Filling

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



Rand WorldWide (RWWI) – Odd Lot Tender Offer – no upside currently

Current Price – $1.24

Offer Price – $1.20

Upside – no upside currently

Expiration date – 3 Nov 2014

Odd Lot holders (less than 100 shares) are not subject to proration

SEC Filling

Summary:

Rand Worldwide, Inc. (OTCBB: RWWI), a global provider of technology solutions to organizations with engineering design and information technology requirements, announced today that it intends to conduct aself-tender offer to repurchase up to 27,530,816 shares of its common stock at a purchase price of $1.20 per share. The number of



Credit Acceptance Corp (CACC) – Odd Lot Tender Offer – $56 Gain

Current Price – $124.97

Offer Price – $125.54

Upside – 0.5% or $56

Expiration date – October 20, 2014

Odd Lot holders (less than 100 shares) are not subject to proration

SEC Filling

Summary:

Credit Acceptance Corporation, a Michigan corporation, is offering to purchase up to 995,698 shares of its common stock, par value $0.01 per share, at a price of $125.54 per share, net to the seller in cash. 995,698 shares represents 4.6% of our outstanding common stock as of September 1, 2014.

No proration



GP Strategies (GPX) – Odd Lot Tender Offer – $151 potential

Current Price – $27.47

Offer Price – $26 – $29

Upside – 5.5% or $151 (if the upper pricing limit is used)

Expiration date – 29 September 2014

SEC Filling

Summary:

GP Strategies Corporation, a Delaware corporation, invites our stockholders to tender up to $80 million in value of shares of our common stock, par value $0.01 per share, for purchase by us at a price not greater than $29.00 nor less than $26.00 per Share, net to the seller in



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

SEC Filling

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



Action Semiconductors (ANR) – Tender Offer – 12.5% upside

Current Price – $2.4

Offer Price – $2.5 – $2.7

Upside – 12.5.% (if the upper pricing limit is used)

Expiration date – 18 September 2014

There is no provision for odd-lots

SEC Filling

Summary:

Actions Semiconductor Co is offering to purchase for cash up to 60,000,000 of its ordinary shares, $0.000001 par value per share (including Shares represented by American Depositary Shares (the “ADSs”)), at a purchase price not greater than $7/15 per Share (or $2.80 per ADS) nor less



Global Eagle Entertainment (ENT) – Warrant Exchange Offer – minimal upside currently

Current Price – $3.75/warrant, $11.13/share

Offer – 1 warrant to 0.33 common shares.

Upside – 1%

Expiration date – 11 September 2014

SEC Filling

Summary:

The Offer is to permit holders of Warrants to tender up to 15,000,000 Warrants at an exchange ratio of 0.3333 Shares for each Warrant tendered (approximately one Share for every three Warrants tendered), subject to proration, as described herein. 

As of August 13, 2014, the Company had 22,831,263 Warrants outstanding. Each Warrant is exercisable for one Share at



Farmers National Banc Corp (FMNB) – Odd Lot Tender Offer – $22 Gain

Current Price – $7.46

Offer Price – $7.68

Upside – 3% or $22

Expiration date – 30 September 2014 (extended on 29 August)

The offer is only for Odd lot holders

SEC Filling

Summary:

Farmers National Banc Corp., (NASDAQ: FMNB) Canfield, Ohio, announced today that its Board of Directors has approved a voluntary odd-lot buy back program (“Program”). The Company is offering to purchase shares from shareholders who own 99 or fewer shares of the Company’s common stock on or after July 29,



WebMD (WBMD) – Odd Lot Tender Offer – $54 Potential

Current Price – $47.95

Offer Price – $48.50

Upside – 1.1% or $54 for Odd Lot holders (if provision is included)

Expiration date – 9 September 2014

Previous tenders of WBMD had provision that odd lot holders (less than 100 shares) are not subject to proration

SEC Filling

Summary:

WebMD Health Corp. (Nasdaq: WBMD) announced today that it intends to commence, within the next week and after filing its Quarterly Report on Form 10-Q for the second quarter, a tender offer to



FBR & Co (FBRC) – Odd Lot Tender Offer – $104 Potential

Current Price – $27.95

Offer Price – $28.00 – $29.00

Upside – 3.8% or $104 for Odd Lot holders (if priced at the upper limit)

Expiration date – August 20, 2014

Odd Lot holders (less than 100 shares) are not subject to proration

SEC Filling

Trading Strategy:

Buy 99 shares of FBRC below $28 and tender all your shares before August 20, 2014 at $28.

Summary:

FBR & Co., invites its stockholders to tender up to 1,000,000 shares of its common stock, $0.001



GSI Technology (GSIT) – Odd Lot Tender Offer – $20 Potential

Current Price – $6.50

Offer Price – $6.50 – $6.70

Upside – 3.1% or $20 for Odd Lot holders (if upper pricing is used)

Downside – $0

Expiration date – August 6, 2014

Odd Lot holders (less than 100 shares) are not subject to proration

SEC Filling

Trading Strategy:

Buy 99 shares of GSIT below $6.5 and tender all your shares before August 6, 2014.

Summary:

GSI Technology invites its stockholders to tender shares of its common stock, par value $0.001



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

SEC Filling

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