Tuesday, September 4, 2007

Tender Offer: ISYS


Shares are being purchased for $27, expiring midnight September 11th, includes odd lot preference. I purchased shares today for $24.30, for an approximately 11.1% spread.


Anonymous said...

You need to be aweare that these can sometimes be repriced as the HD tender was.

Dang Le said...

That is a valid concern. I think the best way to mitigate the risk of unexpected change would be to purchase shares a week or less before offer expiration.