Charlotte Russe Holding

Tender Price: 
$18
Tender max: 
$20
Last Trade: 
$17.91
Potential Gain: 
0.50%
Potential Gain Max: 
11.67%
Tender amount: 
Up to 16% of outstanding shares

Ticker: CHIC

"If more than 4,000,000 shares are properly tendered, the shares tendered at or below the purchase price will be purchased on a pro rata basis, except for “odd lots” (lots held by beneficial owners of less than 100 shares), which will be purchased on a priority basis, and except for each conditional tender whose condition was not met, which we will not purchase"

Currently selling at a premium to the tender offer. - 2/26/2008

Original posted in the forum here.

The tender offer was extended to April 2, 2008. - 3/19/2008

Charlotte Russe (CHIC) to buy 4 mm shares at $18. Proration factor estimated to be about 43.6%.

Final results: The Company accepted 4,080,000 shares in the tender offer, at a price of $18.00 per share. The final proration factor for the offer will be 45.0 percent. - 04/09/2008

Phase: 
Completed
Financing: 
cash on hand
Expires: 
Apr 2 2008 - 17:00