Tuesday, September 4, 2007

Tender Offer: ISYS

http://biz.yahoo.com/ap/070814/integral_systems_stock_offer.html?.v=1

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.

2 comments:

Anonymous said...

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

D 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.