Current Price: $24.45
Offer Price: $23.00-$25.50
Upside: $100 (for odd-lots)
Expiration Date: 9th of September
Odd Lot Tender Offer
CIT Group (CIT) – Odd Lot Tender Offer – Minimal upside currently
Current Price –$46.86
Offer Price – $43 – $48
Upside – 2.5% (if priced at the upper limit)
Expiration Date – 24th of May, 2017
This is a tender offer with shares currently trading in the middle of the buyback range. Tender offer has high likelihood of being priced at the upper limit and proration is expected to be low. There is no proration for odd-lot holders.
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)
WebMD Health Corp (WBMD) – Tender Offer (expected Odd Lot) – 2.7% upside
Current Price – $53.56
Offer Price – $55
Upside – 2.7% or $140
Expiration date – TBD (likely mid Dec 2016)
BlackRock Enhanced Gov Fund (EGF) – Odd Lot Tender Offer – 3% upside
Current Price –$13.6
Expected pay-off – $14.01 (TBD on the 6 December 2016)
Upside – 3%
Expiration Date – 22 November 2016
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)
First Financial Northwest (FFNW) – Odd Lot Tender Offer – minimal upside currently
Current Price – $13.85;
Offer Price – $13 – $14;
Upside – potentially 1% or $13;
Expiration date – 9 August 2016;
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;
GAIAM (GAIA) – Odd Lot Tender Offer – $12 gain
Current Price – $7.55
Offer Price – $7.75
Upside – $12 or 1.5%
Expiration date – 27 June 2016
Techtarget (TTGT) – Odd Lot Tender Offer – no upside currently
Current Price – $7.87
Offer Price – $7.75
Upside – N/A
Expiration date – 8 June 2016