Current Price – $3.56
Tender Price – $3.90 (Intrinsic Value – $5.6)
Upside – 10%-55%
Expiration Date – TBD
share buyback
Churchill Downs (CHDN) – Odd Lot Tender – $1700 upside
Current Price – $248
Tender Price – $230 – $265
Upside – 7% ($1700 for odd-lots if priced at the upper limit)
Expiration Date – 7th of Feb 2018
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);
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
SNR tender currently profitable at lower buyout limit
Quick note. SNR share price has declined (currently $8.65) and the tender is current profitable even at lower limit ($9). Check with your broker if you are still able to submit the shares today.
Alstom (ALO) – Tender Offer – 28% price differential
Current Price – Eur 27.27
Offer Price – Eur 35
Upside – 28%
Expiration date – 20 January 2016
Alstom is listed in France
This is a materially different tender compared to the ones usually posted on this site. So do your own due diligence before making the purchase.
Alstom is buying back 30% of the
Copart (CPRT) – Odd Lot Tender Offer – $200 potential upside
Current Price – $39.05
Offer Price – $38 – $41
Upside – 5% or $200 (if the upper pricing limit is used)
Expiration date – 23 December 2015
Summary:
Copart, Inc., is offering to purchase up to 7,317,073 shares of our common stock, $0.0001 par value, at a purchase price not greater than $41.00 nor