Greenhill & Co (GHL) – Odd Lot Tender Offer – 1.5% upside (12% realized)
Current Price – $17.02
Offer Price – $17.25
Upside – 1.5% or $25 for odd lot holders
Expiration Date – 25th of October, 2017
GHL has launched tender for 40% of the outstanding stock. This is an opportunity to participate in the tender that is very likely to be under-subscribed and price might shot up if that turns out to be the case. More risk averse investors can pocket $25 risk free.