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 for $23.00 per share on a pro rated basis up to 50,000,000 shares. Odd-lot holders (less than 99 shares) will be preferentially cashed out. This is my first odd-lot tender offer, so I will be tracking it closely and writing up all my findings when the transaction is completed.