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.
SNR Tender
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