Current Price: $2.77
Offer Price: $2.86
Upside: $270 (for 2999 shares)
Expiration Date: TBD
Reverse Stock Split
Pendrell (PCO) – Going Private – Potential for 18% upside
Current Price – $6.36
Expected Cash-out – $6.55-$7.5
Upside – 18%
Expiration Date – expected by June 30, 2017
In the base case this trade has only $20 upside, but there is an embedded free option which might or might not materialize. It is definitely an interesting case from educational perspective.
Lime Energy (LIME) – Going Private – 24% upside (record holders only)
Current Price –$2.02;
Expected pay-off – $2.49;
Upside – 24%;
Expiration Date – TBD (shareholder vote on 10th of November, 2016)
Ieg Holdings (IEGH) – Reverse Stock Split – 19% upside
Current Price –$0.48;
Expected pay-off – $0.57;
Upside – 19%;
Expiration Date – October 17, 2016
Surrey Bancorp (SRYB) – Going Private Transaction – $225 return for record holders
Current Price – $12;
Offer Price – $12.75 (for record holders of up to 299 shares);
Upside – $225 or 6% (for record holders holders of up 299 shares);
Expiration date – TBD (shareholder meeting date not yet set);
Utilicraft Aerospace Industries (UITA) – going private transaction – gain $80 by risking only $20
Current Price – $0.008;
Offer Price – $0.04 (for holders of up to 2499 shares);
Upside – $80 or 400% (for holders of up 2499 shares);
Expiration date – TBD;
Champion Industries (CHMP) – Going Private Transaction – $20 upside
Current Price – $0.2;
Offer Price – $0.3 (for holders of up to 199 shares);
Upside – $20 (for holders of up 199 shares);
Expiration date – TBD (shareholder meeting to be held on 21st of March);
Deer Valley Corp (DVLY) – Going Private Transaction – $40 upside
Current Price – $0.57;
Offer Price – $0.73 (for holders of up to 249 shares);
Upside – $40 (for holders of up 249 shares);
Expiration date – TBD (expected by the end of Feb);
China Housing & Land Development – Going Private Transaction – 28% upside
Current Price – $2.34;
Offer Price – $3 (for holders of up to 50000 shares);
Upside – 28% (for holders of up 50000 shares);
Expiration date – TBD (shareholder voting date still to be scheduled);
Kansas City Life Insurance (KCLI) – Going Private Transaction – $1130 upside
Current Price – $47.94
Offer Price – $52.5 (for holders of up to 249 shares)
Upside – 9.5% or $1130 (for holders of up 249 shares)
Expiration date – TBD (shareholder vote is scheduled for 15th of December 2015)