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XMFConnor (96.49)

LookSmart Tender Offer (LOOK) about to expire



August 07, 2012 – Comments (0) | RELATED TICKERS: LOOK.DL

The LookSmart tender offer looks very attractive. I think this is the last day you can get it into your broker before it expires.

Trades at $0.84 (below net cash), offer is for $1.00 from two hedge funds trying to get control. There is risk here, but I think it is minimal since your are buying less than cash and the HF's are incentivized to get control (and quickly). Even if they dont get 50%, I think they will accept the shares (they wouldnt have to) and then offer a higher price likely. We will see, but I am in for the tender at $1.00.

 As always, do your own due diligence.


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