Tag Archives: guaranteed pay-off

AAR Corp (AIR) – Odd Lot Tender Offer – $87 potential

Current Price – $31.12

Offer Price – $29 – $32

Upside – 3% or $87 (for odd lot holders if upper pricing limit is used)

Expiration date –  22 May 2015

SEC Filling


 AAR CORP., a Delaware corporation, is offering to purchase for cash by means of a “modified Dutch auction” shares of its common stock, pursuant to (i) auction tenders at prices specified by the tendering stockholders of not less than $29.00 nor greater than $32.00 per share.

Assuming that the

Taro Pharmaceutical (TARO) – Odd Lot Tender Offer – minimal upside

Current Price – $95.77

Offer Price – $84.5 – $97.5

Potential Gain – 1.8% gain if the offer is priced at the upper limit. Otherwise a loss

Expiration date – August 8, 2013

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

SEC Filling


Taro Pharmaceutical Industries Ltd., a company incorporated under the laws of the State of Israel (the “Company,” “we,” “our” or “us”), is offering to purchase up to $200 million in value of shares