Fri, Nov 21, 2014, 7:13 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

SUPERVALU Inc. Message Board

  • med_investor med_investor Jan 17, 2013 2:10 PM Flag

    SSW tender example

    SSW tendered 20% of its outstanding shares on 12/23/11. Expiration date was 1/11/2012.
    SSW was trading at $10.45 and tender offered $15. This was a huge win. The day after tender, the price jumped to $12. The price kept claiming as tender days passed and eventually, it was traded above $14 a few days before expiration date. About 38% of outstanding shares were tendered by investors and the company matched 54% of each investor shares at $15. One day after tender expiration, the price dropped to around mid $13 but later it went up passing $15 and $16 per shares in a few weeks.

    Well, SSW removed only 20% of outstanding shares and that squeezed shorts and demand for shares become much higher than disposition.

    IN SVU case, 30% of float will be out of reach of investors for at least 2 years. This action first squeeze shorts and then demand for shares will go much higher in following weeks and price will be over $4 after the tender expiration date.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
9.18-0.07(-0.76%)Nov 21 4:02 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Foot Locker, Inc.
NYSEFri, Nov 21, 2014 4:00 PM EST
Aruba Networks, Inc.
NasdaqGSFri, Nov 21, 2014 4:00 PM EST