Tag Archives: 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.