Great Elm Capital Corp (GECC) – Odd Lot Tender Offer – 8.5% upside
Current Price –$11.2
Offer Price – $11.5 – $12.17
Upside – 8.5%
Expiration Date – 3rd of May, 2017 (expected)
Tag Archives: dutch auction
Trez Capital Mortgage Investment (TZZ) – Odd Lot Tender Offer – Free Option
Current Price – C$7.99
Offer Price – C$8.0 – C$8.3
Upside – 4% (C$30 for odd lot holders)
Expiration Date – 14th of Feb 2017
This is a tiny opportunity in Canada. Currently the shares trade one cent below the lower limit and thus odd-lot holders are guaranteed that their shares will be purchased at least at the same price in one month. This is a free option on any potential share price appreciation in the meantime or tender being priced at the upper limit
Actua (ACTA) – Odd Lot Tender Offer – 7% potential upside
Current Price – $13.10
Offer Price – $12 – $14
Upside – 7% or $90 (if upper pricing limit is used)
Expiration date – TBD (likely around 7th of December)
Silgan Holdings (SLGN) – Odd lot Tender Offer – 3% upside
Current Price – $50.8
Offer Price – $45.5 – $52.25
Upside – 3% or $170 (if upper pricing limit is used)
Expiration date – 15 November 2016 (Q3 results on the 26th of October)
MSC Industrial Direct (MSM) – Odd Lot Tender Offer – no upside currently
Current Price – $72.53;
Offer Price – $66 – $72.5;
Upside – no upside currently;
Expiration date – 4 August 2016;
Monster Beverage (MNST) – Odd Lot Tender Offer – low possibility of $990 gain
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
Asta Funding (ASFI) – Odd Lot Tender Offer – minimal upside currently
Current Price – $10.01
Offer Price – $9.5 – $10.25
Upside – potentially 2.5% or $24 (if the upper pricing limit is used)
Expiration date – 12 May 2016
Home Capital Group (HCG) – Odd Lot Tender Offer – potential upside of C$180
HCG is listed in Canada and all prices below are in Canadian dollars.
Current Price – $36,11
Offer Price – $34- $38
Upside – potentially 10% or $180 (if the upper pricing limit is used)
Expiration date – 15 April 2016
Planet Payment (PLPM) – Odd Lot Tender Offer – minimal upside currently
Current Price – $3,43
Offer Price – $3,2- $3,6
Upside – potentially 5% or $17 (if the upper pricing limit is used)
Expiration date – 11 April 2016
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
CRA International (CRAI) – Odd Lot Tender Offer – 5% potential upside
Current Price – $18.88
Offer Price – $18.00- $19.75
Upside – potentially 5% or $90 (if the upper pricing limit is used)
Expiration date – 21 March 2016
No proration for odd lot holders
Summary:
We are conducting the tender offer through a procedure commonly called a modified “Dutch Auction.” This procedure allows you to select the price per share (in increments of $0.25) within a price range specified by us at which you are willing to sell your
Update on SNOW and SPIL
A quick update on couple transaction posted on www.specialsituationinvestments.com
SNOW – currently trades at $8.28 vs lower buyout limit of $9. Tender Offer closes in a week.
SPIL – provided update regarding regulatory approval as well as extension of offer till March 17th (here). Response from the regulator was: “With respect to the filing of the merger of enterprises between Advanced Semiconductor Engineering, Inc. and Siliconware Precision Industry Co., Ltd., the Fair Trade
Franklin Covey (FC) – Dutch Auction with Odd Lot provision – 9% potential upside
Current Price – $16.29
Offer Price – $15.5 – $17.75
Upside – 9% or $140 (if the upper pricing limit is used)
Expiration date – 12 January 2016
Summary:
We are offering to purchase up to $35,000,000 in value of shares in the Offer. On the terms and subject to the conditions of the Offer, we will determine a single per share price, not greater than $17.75 per share nor less than $15.50 per share, net to
Copart (CPRT) – Odd Lot Tender Offer – $200 potential upside
Current Price – $39.05
Offer Price – $38 – $41
Upside – 5% or $200 (if the upper pricing limit is used)
Expiration date – 23 December 2015
Summary:
Copart, Inc., is offering to purchase up to 7,317,073 shares of our common stock, $0.0001 par value, at a purchase price not greater than $41.00 nor less than $38.00 per share. This offer represents approximately 6.1% of CPRT outstanding shares as of November 23, 2015
No proration for Odd Lot holders:
First, we will purchase
Willis Lease Finance Corp (WLFC) – Odd Lot Tender Offer – minimal upside currently
The share price shot up right after the announcement but might reverse during the course of the tender.
Current Price – $17.39;
Offer Price – $15.5 – $18;
Upside – $60 or 3.5% (if the upper pricing limit is used);
Expiration date – 16 December 2015;
No proration for odd lot holders;
Summary:
Willis Lease Finance Corporation is offering to purchase for cash up to 516,129 shares of its outstanding common stock, pursuant to auction tenders at prices specified by
