Category Archives: Tender offer

Fly Leasing Floats a Tender Offer

fly leasingFly Leasing (FLY) joined the friendly skies of companies making a tender offer. The aircraft leasing company has offered to purchase $75 million of its stock at a price between $12.70 and $14.25 per share. That’s good for around 13%-14% of the company’s common stock. With the stock now at $13.51, there’s no chance for a risk-free profit, however. But there does remain a little bit of head room on the top end of the offer. The stock jumped quickly on the day of the announcement, but the tender offer does have my favorite provision for small shareholders, the odd lot priority. Continue reading Fly Leasing Floats a Tender Offer

Copart Makes a Tender Offer

CopartIt’s official – Copart (CPRT) has made a tender offer. The company is offering to purchase up to 8.1% of its stock at a price between $38 and $41 per share. With the stock now at $39.66, there’s no chance of a risk-free profit here, however, and the spread has quickly narrowed even at the top end. So those investors looking for a quick buck and who didn’t already on the stock, they’re probably out of luck. But the tender offer does have my favorite provision for small shareholders, the odd lot provision. Continue reading Copart Makes a Tender Offer

NCR Gets in the Tender Offer Game

NCRNCR’s (NCR) undertaking a tender offer now too. The company is offering to buy up to $1 billion of its own stock at a price between $26 and $29.50 per share. That’s good for up to 22.6% of its stock, if an overallotment of 2% is allowed. With the stock now at $26.42, there’s no chance of a risk-free profit here, however. And that makes it disadvantageous for investors who want to participate in the tender but didn’t own shares before the announcement. So it’s not my favorite type of tender. Still, the offer does have advantages for small shareholders. Continue reading NCR Gets in the Tender Offer Game

More Low-Risk Money With This Tender Offer

MAM SoftwareIf you’re looking for low-risk money in the stock market, one of the best places is with tender offers. As I explain in the tender offer section of this site, “The upside is low risk; the downside is low total return, though the annualized return on tenders is usually quite high. Sometimes you may be able to earn as much as 10% on your money in a month. Still, you can easily pocket $100-150 (sometimes more) for just clicking the mouse a few times.” And we have yet another company that’s announced the best kind of tender offer. Continue reading More Low-Risk Money With This Tender Offer