Tag Archives: dutch auction

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

SEC Filling

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

SEC Filling

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

SEC Filling

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;

SEC Filling

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

Nathan’s Famous (NATH) – Tender Offer with Odd Lot provision – $250 potential upside

Current Price – $33.43;

Offer Price – $33 – $36;

Upside – $250 or 7.5% (if the upper pricing limit is used);

Expiration date –  16 Oct 2015;

SEC Filling

Summary:

Nathan’s Famous today announced that it will commence mailing to its stockholders on or about  September 18, 2015 a modified Dutch Auction tender offer to purchase for cash up to 500,000 shares of its common stock, $.01 par value, at a price per share of not less than $33.00 nor greater than $36.00, for

H&R Block (HRB) – Odd Lot Tender Offer – $150 potential upside

Current Price – $35.42;

Offer Price – $32.25 – $37;

Upside – $150 or 4.5% (if the upper pricing limit is used);

Expiration date –  2 October 2015;

No proration for odd lot holders;

SEC Filling

Summary:

H&R Block invites its shareholders to tender some or all of their Shares for purchase by us pursuant to the Offer. Upon the terms and subject to the conditions set forth in this Offer to Purchase and the Letter of Transmittal, we are

Motorola Solutions (MSI) – Odd Lot Tender Offer – $230 potential return

Current Price – $64.19

Offer Price – $61 – $66.5

Upside – $230 or 3.6% (if the upper pricing limit is used)

Expiration date –  3 September 2015

No proration for odd lot holders

SEC Filling

Summary:

Motorola Solutions, Inc., a Delaware corporation, hereby offers to purchase for cash up to $2.0 billion of shares of its issued and outstanding common stock, par value $0.01 per share (the “shares”), at a price not less than $61.00 and not more than

Alpha & Omega Semiconductor (AOSL) – Odd Lot Tender Offer – 4% potential

Current Price – $8.83

Offer Price – $8.5 – $9.2

Upside – $37 or 4% (if the upper pricing limit is used)

Expiration date –  7 July 2015

No proration for odd lot holders

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 are offering to purchase for cash our common shares, pursuant to (i) Auction Tenders at

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