Tag Archives: Special situation

 

Theravance (THRX) – Odd Lot Tender Offer – $40 potential upside

Current Price – $8.85;

Offer Price – $8.5 – $9.25;

Upside – $40 or 4.5% (if the upper pricing limit is used);

Expiration date –  1 December 2015;

No proration for odd lot holders;

SEC Filling

Summary:

We are conducting this Offer through a procedure commonly called a “modified Dutch auction.” This procedure allows you to select the price within a price range specified by us at which you are willing to sell your Shares. The price range for the Offer

  

Nathan’s Famous (NATH) – Tender Offer with Odd Lot provision – $250 potential upside

Current Price – $33.43;

Offer Price – $33 – $36;

Upside – $250 or 7.5% (if the upper pricing limit is used);

Expiration date –  16 Oct 2015;

SEC Filling

Summary:

Nathan’s Famous today announced that it will commence mailing to its stockholders on or about  September 18, 2015 a modified Dutch Auction tender offer to purchase for cash up to 500,000 shares of its common stock, $.01 par value, at a price per share of not less than $33.00 nor greater than $36.00, for



H&R Block (HRB) – Odd Lot Tender Offer – $150 potential upside

Current Price – $35.42;

Offer Price – $32.25 – $37;

Upside – $150 or 4.5% (if the upper pricing limit is used);

Expiration date –  2 October 2015;

No proration for odd lot holders;

SEC Filling

Summary:

H&R Block invites its shareholders to tender some or all of their Shares for purchase by us pursuant to the Offer. Upon the terms and subject to the conditions set forth in this Offer to Purchase and the Letter of Transmittal, we are



Hennessy Advisors (HNNA) – Odd Lot Tender – $43 guaranteed return

Current Price – $24.57;

Offer Price – $25;

Upside – 2% or $43 (for odd lot holders);

Expiration date –  18 Sep 2015;

SEC Filling

Summary:

Hennessy Advisors, Inc., a California corporation, invites its shareholders to tender up to $25.0 million in aggregate value of its Common Stock, no par value per share, for purchase by Hennessy Advisors, Inc., at a price of $25.00 per Share, net to the seller in cash. As of August 19, 2015, the Company had 6,025,381 Shares



St. Joe (JOE) – Odd Lot Tender Offer – $110 guaranteed return

Current Price – $16.89;

Offer Price – $18;

Upside – 6.5% or $110 (for odd lot holders);

Expiration date –  22 Sep 2015;

SEC Filling

Summary:

The St. Joe Company is offering to purchase up to 16,666,666 shares of its common stock, no par value, at a price of $18.00 per share, net to the seller in cash, less any applicable withholding taxes and without interest, upon the terms and subject to the conditions set forth in this Offer to Purchase



Condor Hospitality Trust (CDOR) – Offer to Exchange – 8% upside (Cancelled)

Company is offering to exchange each Series A Preferred Stock (Ticker CDORP) for 5.38 shares of common stock (Ticker CDOR). There is similar exchange with Series B Preferred stock, but currently there is no upside on it.

Current Price CDORP – $8;

Current Price CDOR – $1.61;

Value of CDORP if exchanged for 5.38 CDOR shares – $8.66;

Upside – 8%;

No proration – all shares submitted for exchange will be accepted (subject to conditions described below);

Expiration date –  TBD



Motorola Solutions (MSI) – Odd Lot Tender Offer – $230 potential return

Current Price – $64.19

Offer Price – $61 – $66.5

Upside – $230 or 3.6% (if the upper pricing limit is used)

Expiration date –  3 September 2015

No proration for odd lot holders

SEC Filling

Summary:

Motorola Solutions, Inc., a Delaware corporation, hereby offers to purchase for cash up to $2.0 billion of shares of its issued and outstanding common stock, par value $0.01 per share (the “shares”), at a price not less than $61.00 and not more than



Nam Tai Property – Odd Lot Tender – $25 guaranteed return

Current Price – $5.25;

Offer Price – $5.5;

Upside – 5% or $25 (for odd lot holders);

Expiration date –  4 Sep 2015;

SEC Filling

Summary:

Nam Tai Property Inc., a British Virgin Islands corporation (the “Company”), is offering to purchase up to 15,000,000 shares of the Company’s common stock, par value $0.01 per share (the “Company Common Stock”) at a price of $5.50 per share, net to the seller in cash. e are offering to purchase up to 15,000,000 shares of



TIER REIT (TIER) – Odd Lot Tender Offer – $150 return

Current Price – $17.5

Offer Price – $19 – $21

Upside – $150 or 8.5% (if lower pricing limit is used)

Expiration date –  19 August 2015

No proration for odd lot holders

SEC Filling

Summary:

TIER REIT, Inc., hereby offers to purchase for cash up to $50 million in value of shares of its common stock, par value $0.0001 per share, at a price specified by the tendering stockholders of not greater than $21.00 nor less than $19.00 per share of



National Bank Holdings (NBHC) – Tender Offer with Odd Lot Provision – $110 potential upside

Current Price – $21.39;

Offer Price – $19.6 – $22.5;

Upside – $110 or 5% (if the upper pricing limit is used)

Expiration date –  31 July 2015

SEC Filling

Summary:

National Bank Holdings Corporation, a Delaware corporation, hereby offers to purchase for cash up to $100.0 million of shares of its issued and outstanding Class A common stock, at a price not less than $19.60 and not more than $22.50 per share. Assuming that the conditions to the tender offer are satisfied



Cryo-Cell (CCEL) – Odd Lot Tender Offer – 7% expected gain

Warning: This tender is by micro-cap listed on pink-sheets – as such there is way more risk that the tender offer will be carried through as described. Do your own research before investing.

Current Price – $3.02;

Offer Price – $3.25;

Upside – 7% or $22 (for odd lot holders)

Expiration date –  28 July 2015

SEC Filling

Summary:

Cryo-Cell International, Inc., a Delaware corporation, is offering to purchase up to 750,000 shares of its common stock, par value $0.01 per share,



Global Sources (GSOL) – Odd Lot Tender Offer – 10% guaranteed upside

As expected, GSOL has included odd lot provision in their tender offer. Updated details below”

Current Price – $6.81;

Offer Price – $7.5;

Upside – $68 or 10%;

Expiration date –  27 July, 2015;

SEC Filling

Summary:

Global Sources Ltd. (NASDAQ: GSOL) intends to commence an issuer tender offer by the end of June 2015, with expected completion before the end of July 2015, for up to 6,666,666 shares, or approximately 22.05% of its outstanding common shares as of April 30,