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
Tag Archives: repurchase
Information Services Group (III) – Odd Lot Tender Offer – minimal upside currently
Current Price – $3,7
Offer Price – $3,3- $4,0
Upside – potentially 10% or $30 (if the upper pricing limit is used)
Expiration date – 7 April 2016
Willis Lease Finance Corp (WLFC) – Odd Lot Tender Offer – minimal upside currently
The share price shot up right after the announcement but might reverse during the course of the tender.
Current Price – $17.39;
Offer Price – $15.5 – $18;
Upside – $60 or 3.5% (if the upper pricing limit is used);
Expiration date – 16 December 2015;
No proration for odd lot holders;
Summary:
Willis Lease Finance Corporation is offering to purchase for cash up to 516,129 shares of its outstanding common stock, pursuant to auction tenders at prices specified by
Apple Hospitality REIT (APLE) – Odd Lot Tender Offer – $100/$300 upside
Current Price – $17.99
Offer Price – $19 – $21
Upside – 16.7% or $300 (for odd lot holders if upper pricing limit is used) or 5.6% or $100 (for odd lot holders if lower pricing limit is used) or
Expiration date – 22 June 2015
Summary:
Apple Hospitality REIT, Inc., a Virginia corporation, is offering to purchase for cash up to $200,000,000 in aggregate Purchase Price (as defined below) of the Company’s common shares, no par value (“Shares”), at
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
Summary:
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
Renren (RENN) – Odd Lot Tender Offer – minimal upside currently
Current Price – $2.66
Offer Price – $2.4 – $2.75
Upside – 3.4% or $10 (opportunity might improve before the offer expires)
Expiration date – 29 April 2015
Summary:
We will purchase up to $50 million in value of ADSs in the Offer or such lower amount equal to the value of the ADSs properly tendered and not properly withdrawn. At the maximum Final Purchase Price of $2.75 per ADS, we could purchase 18,181,818 ADSs if the Offer is
BBX Capital (BBX) Tender Offer with 10% upside
Current Price – $18.26
Offer Price – $20
Upside – 10% (due to proration the realized upside will be lower)
Expiration date – 24 April 2015
Trading Strategy – This is not an odd lot offer. 60% of the float will be bought out (meaning proration will be better than 60%), which makes the current spread seem very profitable. The strategy is to buy BBX stock and tender all amount. Then after the tender offer ends and preliminary results of the offer are
Credit Acceptance Corp (CACC) – Odd Lot Tender Offer – $56 Gain
Current Price – $124.97
Offer Price – $125.54
Upside – 0.5% or $56
Expiration date – October 20, 2014
Odd Lot holders (less than 100 shares) are not subject to proration
Summary:
Credit Acceptance Corporation, a Michigan corporation, is offering to purchase up to 995,698 shares of its common stock, par value $0.01 per share, at a price of $125.54 per share, net to the seller in cash. 995,698 shares represents 4.6% of our outstanding common stock as of September 1, 2014.
No proration
Farmers National Banc Corp (FMNB) – Odd Lot Tender Offer – $22 Gain
Current Price – $7.46
Offer Price – $7.68
Upside – 3% or $22
Expiration date – 30 September 2014 (extended on 29 August)
The offer is only for Odd lot holders
Summary:
Farmers National Banc Corp., (NASDAQ: FMNB) Canfield, Ohio, announced today that its Board of Directors has approved a voluntary odd-lot buy back program (“Program”). The Company is offering to purchase shares from shareholders who own 99 or fewer shares of the Company’s common stock on or after July 29,
Genpact (G) – Odd Lot Tender Offer – $69 Potential
Current Price – $17.30
Offer Price – $16.5 – $18.00
Upside – 4% or $69 for Odd Lot holders
Downside – 4.6% or -$79 for Odd Lot holders
Expiration date – April 2, 2014
Odd Lot holders (less than 100 shares) are not subject to proration
Summary:
Genpact Limited, a Bermuda Company, invites our shareholders to tender up to $300 million in value of our common shares, par value $0.01 per share, for purchase by us at a price not
Helen of Troy (HELE) – Odd Lot Tender Offer – $410 potential
Current Price – $62.36
Offer Price – $57.75 – $66.50
Upside – 6.6% or $410 for Odd Lot holders
Downside – 7.4% or -$456 for Odd Lot holders
Expiration date – March 10, 2014
Odd Lot holders (less than 100 shares) are not subject to proration
Summary:
Helen of Troy Limited, a Bermuda company is offering to purchase for cash, an aggregate of up to $300 million of our outstanding common shares, par value $0.10 per share (the “Common Stock”),
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
Summary:
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
Bridgepoint Education (BPI) – Odd Lot Tender Offer – $176 Gain
Current Price – $17.72
Offer Price – $19.5
Potential Gain – 10% or $176 for Odd Lot holders
Expiration date – December 11, 2013
Odd Lot holders (less than 100 shares) are not subject to proration
Summary:
Bridgepoint Education, Inc., a Delaware corporation, is offering to purchase up to 10,250,000 shares of our common stock, par value $0.01 per share (the “common stock”), at a purchase price of $19.50 per share without interest and less any applicable withholding tax.
The
Columbia Property Trust (CXP) – Odd Lot Tender – $253 potential
Current Price – $22.44
Offer Price – $22.00 – $25.00
Potential Gain – 11.4% or $253 for Odd Lot holders (if priced at the upper limit)
Expiration date – November 8, 2013
Odd Lot holders (less than 100 shares) are not subject to proration
Summary:
Columbia Property Trust, Inc., a Maryland corporation that has elected to be taxed as a real estate investment trust (a “REIT”) for U.S. federal income tax purposes, hereby offers to purchase for cash up
WebMD Health (WBMD) – Odd Lot Tender Offer – $203 Gain
Current Price – $31.95
Offer Price – $34
Potential Gain – 6.5% or $203 for Odd Lot holders
Expiration date – September 4, 2013
Odd Lot holders (less than 100 shares) are not subject to proration
Summary:
WebMD Health Corp., a Delaware corporation, is offering to purchase up to 5,000,000 shares of its common stock, $.01 par value per share (the “common stock”), at a price of $34.00 per share without interest. We will purchase up to 5,000,000 shares in the Offer
