Lynch Interactive Purchase

With the cash I received for Color Imaging and Mercury Air Group, I went shopping today for a new opportunity. I went over to my list of current going private transactions in the Contributors’ Corner section of Fat Pitch Financials. Here’s what I found on the current going private transactions list:

October 3, 2005
Lynch Interactive (LIC)
Method: Reverse Stock Split
Tender Limit: Less than 100
Tender Price: $29.00
Closing Price: $25.77
Potential Gain: 12.5%
Broker Held Shares: OK
Vote Date: October, 31, 2005
Going Private Phase:Definitive Proxy
SEC Filings: SC 13E3/A Preliminary Proxy Definitive Proxy
Notes: “the greater of (i) $29.00 or (ii) 120% of the average of the closing prices per share of our Common Stock on the AMEX over the 20 days immediately preceding the Effective Date on which the shares of Common Stock were actually traded.”

I purchased 85 shares of (LIC) for $25.70 per share for a total cost of $2,191.45. Hopefully, I will receive at least $2,465 in cash for within two months for my 85 shares of Lynch Interactive.

If you are interested in reviewing an up-to-date list of current going private transactions with the same detail as the Lynch Interative example above, please consider contributing to Fat Pitch Financials.

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