Current Price – $150.17
Offer Price – $142 – $160
Upside – potentially 5.5% or $990 (if the upper pricing limit is used)
Expiration date – 8 June 2016
Odd Lot Tender Offer
Asta Funding (ASFI) – Odd Lot Tender Offer – minimal upside currently
Current Price – $10.01
Offer Price – $9.5 – $10.25
Upside – potentially 2.5% or $24 (if the upper pricing limit is used)
Expiration date – 12 May 2016
Trinseo (TSE) – Odd Lot Tender Offer – no upside currently
Current Price – $36.29
Offer Price – $35.63
Upside –no upside currently
Expiration date – 25 April 2016
Home Capital Group (HCG) – Odd Lot Tender Offer – potential upside of C$180
HCG is listed in Canada and all prices below are in Canadian dollars.
Current Price – $36,11
Offer Price – $34- $38
Upside – potentially 10% or $180 (if the upper pricing limit is used)
Expiration date – 15 April 2016
Planet Payment (PLPM) – Odd Lot Tender Offer – minimal upside currently
Current Price – $3,43
Offer Price – $3,2- $3,6
Upside – potentially 5% or $17 (if the upper pricing limit is used)
Expiration date – 11 April 2016
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
Summary:
We are conducting the tender offer through a procedure commonly called a modified “Dutch Auction.” This procedure allows you
Fortress Investment Group (FIG) – Odd Lot Tender Offer – 9% potential upside
Current Price – $4.36
Offer Price – $4.25 – $4.75
Upside – potentially 9% or $40 (if the upper pricing limit is used)
Expiration date – 4 March 2016
No proration for odd lot holders
Summary:
Fortress Investment Group LLC, is offering to purchase for cash up to $100,000,000 of its Class A shares representing
Intrawest Resorts Holdings (SNOW) – Odd Lot Tender Offer – Risk Free upside of 13%
Current Price – $8.77
Offer Price – $9 – $10
Upside – potentially 13% or $120 (if the upper pricing limit is used), otherwise guaranteed return of 2% (if lower pricing limit is used)
Expiration date – 10 February 2016
No proration for odd lot holders
Some thoughts: The price shop up 30% upon tender announcement although
Siliconware Precision Industries (SPIL) – Tender Offer with Odd lot provision – 9% upside
Current Price – 7.55
Offer Price – 8.22
Upside – 9% ($134 guaranteed return for odd lots)
Odd lots – shareholders who own less than 200 shares will be bought out on priority basis.
Expiration date (to tender shares) – 11 February 2016
This is a hostile tender offer carried out by ASX, and as
New Senior Investment (SNR) – Dutch Tender with Odd Lot provision – no upside currently
Current Price – $10.11
Offer Price – $9 – $10
Upside – no upside currently
Expiration date – 19 January 2016
Summary:
New Senior Investment Group Inc is offering to purchase for cash up to $30,000,000 of shares of its common stock, par value $0.01 per share, pursuant to auction tenders at prices