Comments on: More AutoNation

By: Setback For the Special Situation Real Money Port - Fat Pitch Financials

Setback For the Special Situation Real Money Port - Fat Pitch Financials — Thu, 03 Aug 2006 10:36:27 +0000

[...] AUTONATION INC [...]

By: Special Situations Real Money Port Update - Fat Pitch Financials

Special Situations Real Money Port Update - Fat Pitch Financials — Fri, 28 Apr 2006 22:55:37 +0000

[...] AUTONATION INC [...]

By: AutoNation Inc Cash Received - Fat Pitch Financials

AutoNation Inc Cash Received - Fat Pitch Financials — Thu, 20 Apr 2006 15:59:16 +0000

[...] More cash just rolled into the Special Situations Real Money Portfolio! I just got $2,185.00 credited to my son’s Coverdell ESA this morning. As you might recall, I purchased AutoNation on March 31, 2006 for the Special Situations Real Money Portfolio. This was my first odd-lot tender offer opportunity that I’ve taken advantage of. [...]

By: AutoNation Tender Oversubscribed - Fat Pitch Financials

AutoNation Tender Oversubscribed - Fat Pitch Financials — Thu, 13 Apr 2006 02:27:44 +0000

[...] Today AutoNation (AN) announced that its tender offer was oversubscribed. Hopefully, the odd-lot preference will result in all my shares still being tendered. It will be interesting to see how this works out. Nothing appears to indicate that odd-lot holders will not be cashed out. I’ll be crossing my fingers and hoping that I will see cash for all my AN shares in a few weeks. [...]

By: Dusty

Dusty — Tue, 04 Apr 2006 16:59:48 +0000

I bought shares @ $21.55 this morning and my broker is Izone (Ameritrade). I emailed them this afternoon saying I wanted to participate in the Odd Lot Tender (I bought 99 shares). They sent back an emial just now saying they’ve submitted my request for processing. I’ll report back with the outcome.

By: Rastis Jones

Rastis Jones — Tue, 04 Apr 2006 16:50:24 +0000

how can we find out about other odd-lot offers? Is this standard practice with tenders.

By: George

George — Tue, 04 Apr 2006 01:14:17 +0000

The second purchase was for my son’s Coverdell ESA and the first purchase was for my Roth IRA. The accounts are under different social security numbers.

By: Jake

Jake — Tue, 04 Apr 2006 00:29:03 +0000

It sounds like you bought and tendered a couple of times. Does AutoNation allow that? Can you do that in separate accounts?

By: George

George — Mon, 03 Apr 2006 10:22:52 +0000

AutoNation sent out a document a few weeks ago. Since you are only buying now, it’s not likely that you’ll receive a copy of the tender offer in the mail.

It is likely that you can just call up your broker and indicate that you want to accept the tender offer.

I don’t think anyone has received money yet, but maybe someone can correct me if I’m wrong.

By: Rastis Jones

Rastis Jones — Mon, 03 Apr 2006 03:43:31 +0000

So Autonation is going to send me a document like a proxy? Or do I just buy shares on Monday (tomorrow) and then call my broker and say I want to accept the odd-lot buyout? Has anyone received the money yet?

By: Doug

Doug — Mon, 03 Apr 2006 03:35:10 +0000

For TD Waterhouse, I did not need to fill out a form, but I had to call and I was transferred to a “Corporate Reorganization and Tenders” office. I will have to pay a $25 fee to TD Waterhouse.

By: George

George — Mon, 03 Apr 2006 03:06:04 +0000

I purchased AutoNation on March 31, 2006 in this account. The company plans to end the tender offer on April 12.

You do have to elect to sell out. You would normally do this through your broker. I filled out the broker client election form attached to the SEC filing and faxed it to my broker. I then emailed them to indicate that I wanted them to tender my shares and that I sent them the fax.

By: Rastis Jones

Rastis Jones — Mon, 03 Apr 2006 02:46:14 +0000

What is the date of the odd-lot purchase? Do you have to elect to sell out… how would you do that through a broker?