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Fat Pitch Financials

Special situation stocks and value investing

Archive for the 'Tender Offers' Category

Questions About Tender Offers

Nov 30th, 2007 @ 9:25 AM

I recently received an email that contained several good questions about stock tender offers from someone interested in joining Fat Pitch Financials Contributor’s Corner. I thought you might be interested in those questions and my answers to them.
When acquiring an odd-lot following the announcement of a tender offer, what must be done next to ensure participation in […]

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Special Situations Real Money Port July 2007 Update

Aug 1st, 2007 @ 9:38 AM

July has been a really busy month.  I spent most of my time avoiding losing money and that was no easy feat in this market.
I closed July out with $12,044.13 in the Special Situations Real Money Port.  Back in May, the account was worth $12,239.27.  As you can see, I’ve lost a little bit of ground over […]

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A Tale of Two Tender Offers

Jun 20th, 2007 @ 6:31 AM

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the market of bulls, it was the market of bears, it was a period of expansion, it was a period of recession, we were awash in liquidity, we were buried in debt.
There were tender offers that […]

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Engelhard Corp. Purchase

Apr 26th, 2006 @ 10:43 PM

Gannon on Investing details the current hostile bid by BASF (BF) for Engelhard Corp. (EC) and today’s response tender offer by Engelhard.  After reviewing the details this morning and discussing it with other members of Fat Pitch Financials Contributor’s Corner, I decided to add a small position (odd-lot potential) of this stock in the Special Situations Real […]

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AutoNation Inc Cash Received

Apr 20th, 2006 @ 10:58 AM

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.
Odd-lot tender […]

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AutoNation Inc Tender Oversubscribed

Apr 12th, 2006 @ 9:27 PM

Today AutoNation Inc. (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 […]

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More AutoNation

Apr 2nd, 2006 @ 9:41 PM

I purchased another 95 share of AutoNation (AN) on Friday, but this time I bought the shares in the Special Situations Real Money Port.  I used the cash I recently received from Major Automotive Companies (MJRC.PK) to purchase the shares that cost me a total of $2,056.10.
AutoNation has a tender offer out to purchase shares […]

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Purchased AutoNation - Odd Lot Tender Offer

Mar 14th, 2006 @ 11:48 PM

A member of Contributor’s Corner sent me information on AutoNation (AN) this past weekend. I reviewed this stock on Monday morning, and I soon realized this stock offers me a good opportunity to experiment with an odd lot tender offer. 
Tender offers refer to when a company or outside investor offers to directly buy a large block of stock from […]

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Stockholders Approved the Going Private Transaction

Jun 7th, 2005 @ 8:58 AM

Capitol First Corporation (CFRC) announced today that shareholders have approved the reverse stock split with the associated going private transaction. The reverse stock split will take effect tonight. I hope to see cash in my account shortly.
Related Links:
Another “Going Private” Deal - Capitol First Corp

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