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Collectors Universe

Tender Price: 
$5
Tender max: 
$5.4
Ticker: 
CLCT
Last Trade: 
$7.89
Potential Gain: 
-36.63%
Potential Gain Max: 
-31.56%
Tender amount: 
Up to 1,750,000 shares, 19.1%
Expires: 
Jul 2 2009 - 23:59
Financing: 
cash on hand
Phase: 
Cash Received

Notes

Odd lot provision: ""If you beneficially own fewer than 500 shares, in the aggregate, and you properly tender all of these shares at or below the Purchase Price and do not properly withdraw them prior to the Expiration Date for the Offer and you complete the section entitled “Small Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery, we will purchase all of your shares without subjecting them to the proration procedure."

Source of funds: ""The Offer is not conditioned upon financing. We will use our existing working capital to purchase the shares tendered in the Offer. We will also use our existing working capital to pay expenses associated with this Offer, estimated to be $200,000."

Final results: "Based on a final count by the Depositary for the tender offer, 4,691,743 shares were properly tendered and not withdrawn, including 3,948,248 shares at a purchase price of $5.00 per share. The Depositary has advised the Company that the final proration factor was approximately 43% for the tender offer. Any "small lot" shares of common stock properly tendered and not withdrawn will not be subject to proration."

 

Entrx Corporation

Tender Price: 
$0.35
Ticker: 
ENTX.PK
Last Trade: 
$0.21
Tender Limit: 
Less than 500
Method: 
Reverse/Forward Stock Split
Potential Gain: 
66.67%
Vote Date: 
Apr 15 2009 - 10:00
Broker Held Shares: 
OK

"Entrx intends for the Reverse/Forward Split to treat shareholders holding Common Stock in street name through a nominee (such as a bank or broker) in the same manner as shareholders whose shares are registered in their names. Nominees will be instructed to effect the Reverse/Forward Split for their beneficial holders. However, nominees may have different procedures and shareholders holding shares in street name should contact their nominees."

New Preliminary Proxy on 2/10/2009 indicates the meeting date will be 04/15/2009

Financing: 
cash on hand
Phase: 
Completed

Caspian International Oil

Tender Price: 
$0.15
Ticker: 
CIOCE.OB
Last Trade: 
$0.13
Tender Limit: 
Unlimited
Method: 
Merger
Potential Gain: 
15.38%
Broker Held Shares: 
OK

Notes:

Source of funds: "The total amount of funds required by CIOC Acquisition to pay the Merger Price to all Public Stockholders, and to pay related fees and expenses, is estimated to be approximately $950,000. CIOC Acquisition will obtain the necessary funds from the Filing Persons in the form of capital contributions."

Conditions: "There are no conditions to the Merger or the financing of the Merger, however the Filing Persons are not under an obligation to consummate the Merger and could decide to withdraw the transaction, although they do not have a present intention to do so."

Symbol changed to CIOCE.

As of April 28, 2009, the Filing Persons (Nurlan Janseitov and Timur Bergaliyev) owned a total of 58,126,847 Shares or approximately 92.6% of the total Shares outstanding.

Financing: 
cash on hand
Phase: 
Amended Filing

NOVA Chemicals

Parties
Target Ticker: 
NCX
Acquirer Name: 
International Petroleum Investment Company
Offer
Spread: 
5.45%
Lastest Quote: 
$5.69
Tender Price: 
$6.00
Risk Factors
Risk Factors
Termination Fee: 
$15 million
Stage: 
Shareholders approved
Control: 
5.48%
Pre-Announce Price: 
$1.34
Dates
Announced Date: 
February 23, 2009
Vote Date: 
April 14, 2009 - 00:00
Est. Closing Date: 
2009-06-30

If the merger is completed, NOVA Chemicals shareholders will receive $6.00 per share in cash.

04/14/2009 - NOVA Chemicals Corporation announced that its shareholders passed a special resolution to approve an arrangement under the Canada Business Corporations Act involving, among other things, the acquisition by International Petroleum Investment Company (IPIC) of all of the issued and outstanding common shares of NOVA Chemicals for US$6.00 in cash for each common share. The special resolution was approved by approximately 98% of the votes cast by holders of common shares at NOVA Chemicals’ annual and special meeting of shareholders. The transaction with IPIC is expected to close in the second quarter of 2009, following the receipt of all necessary court and regulatory approvals and the satisfaction of other customary conditions.

Katy Industries

Tender Price: 
$2.00
Ticker: 
KATY.OB
Last Trade: 
$1.36
Tender Limit: 
Less than 500
Method: 
Reverse Stock Split
Potential Gain: 
47.06%
Vote Date: 
Mar 19 2009 - 09:00
Broker Held Shares: 
OK

Notes:
"Katy intends to treat stockholders holding its common stock in street name in the same manner as record holders."Source: Preliminary Proxy 10/10/2008
Financing: "It is expected that the entire $482,000 estimated to be necessary to pay the Cash Out Price to the Cashed Out Holders and Continuing Holders will come from the Company’s credit facility... The Company entered into a $50.6 million credit facility with Bank of America on November 30, 2007 (the “Credit Agreement”), which consists of a $10.6 million term loan (“Term Loan”) and a $40.0 million revolving loan (“Revolving Credit Facility”), including a $10.0 million sub-limit for letters of credit. The Company’s Term Loan balance immediately prior to the Credit Agreement was $10.0 million. The annual amortization on the new Term Loan, paid quarterly, is $1.5 million with final payment due November 30, 2010. The Term Loan is collateralized by the Company’s property, plant and equipment." - Source: Preliminary Proxy 10/10/2008
Effective January 30, 2009, Philip D. Reinkemeyer, former Director of Financial Reporting and Treasurer of Katy Industries, Inc.
Definitive proxy filed on Feb. 17, 2009. Special shareholders meeting to be held March 19, 2009 to vote on the deal.

Financing: 
contingent on financing
Phase: 
Canceled

Computer Horizons

Tender Price: 
$0.30
Ticker: 
CHRZ.PK
Last Trade: 
$0.32
Tender Limit: 
Less than 500 shares
Method: 
Reverse/Forward Stock Split
Potential Gain: 
-6.25%
Vote Date: 
Feb 10 2009 - 10:00
Broker Held Shares: 
Must request shares be registered in your name.

"Management recommended that a ratio of 1-to-500 would reduce the number of record shareholders to a level sufficiently below 300 to allow adequate margin for any increase in the number of shareholders that might occur prior to or after the effectiveness of a reverse stock split (for example, as a result of holders with shares in “street name” requesting that share certificates be issued in their own name, or persons other than current shareholders acquiring shares)."

"The Reverse/Forward Stock Split will not affect holdings of Common Stock held by shareholders in “street name” through a nominee (such as a bank or broker).  Nominees may have different procedures, and shareholders holding Common Stock in street name should contact their nominees to determine if and how they will be affected by the Reverse/Forward Stock Split."

Litigation with TEKsystems has been settled. 12/04/2008

Source of financing: "The total amount of funds needed to cash out the fractional shares is estimated to be approximately $20,908. The Company will use cash on hand to make this payment." Source: Definitive Proxy 1/5/2009

Tender price reduced to $0.30 as stated in the Definitive proxy on 1/5/2009.

The reverse split was approved by shareholders at the February 10, 2009 meeting. Source: Current Report 02/17/2009

Financing: 
cash on hand
Phase: 
Completed
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