Bought 99 JAKK shares… 4 Replies …for an easy and quick 200 dollar expected profit. See this post at Motiwala Capital for the details of this odd lot tender offer arbitrage idea.
Vani June 1, 2012 at 6:23 pm I have 3 brokerage accounts under the same name. Can I buy 99 shares in each account and tender the shares ? Reply ↓
Vani June 6, 2012 at 7:50 pm I decided to pass on and will do it only from one broker, as the commissions charged by my other brokers would take a hefty cut from the offer. Reply ↓
I have 3 brokerage accounts under the same name. Can I buy 99 shares in each account and tender the shares ?
I’m not sure; try it and let me know what happens
Yes, this is doable. Although you are no supposed to do that.
I decided to pass on and will do it only from one broker, as the commissions charged by my other brokers would take a hefty cut from the offer.