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KDUS: Shareholders of Cadus Corporation (KDUS) will receive $1.61 for each share of Cadus Corporation.
FINRA deleted symbol:
http://otce.finra.org/DLDeletions
My understanding is shareholders have not voted on the deal. Possible to see another offer or 1.61 is that it? Any guesses?
That’s the question I was hoping someone could answer. I believe the bid was sweetened to 1.61.
Volume could be telling us something?
Meaning it's done, or meaning it's about to go? Lots of volume lately.
Can we put a cherry on top of cadus?
Appreciate your thoughts.
I really don't know. If I had to guess, I'd say no it won't get any sweeter.
They never sold any of their properties. It seems to me they're rescuing stockholders. They were running out of cash and it was starting to look kind of bleak.
Any guess if it will get any sweeter? Or fair value?
Yeah it was sweetened to $1.51 or something like that. There was a filing with the SEC.
With the pps being above $1.30 my guess is that the bid is being sweetened?
Holy Smokes I just noticed KDUS has been on the move! I'll be putting more money into the account to grab this!
Icahn play HELLO!
I see Carl Icahn bought an OTC stock, so why not me?
Curious to know why?
Would love to see a higher offer than $1.30.
Not sure what the recent trade action is forecasting.
Any thoughts from anyone of valuation for cadus?
You can find the SEC filing Cadus made on their website caduscorp . com
And if you have a brokerage account, you should see it when you search for sec filings for KDUS as well.
So, on these goofy message boards, we are always hearing people complain that the owners/management are trying to keep the price low so that they can take the company private on the cheap. I have to admit... sure seems like our buddy Carl did just that. Sooooo few updates and soooo little news released these past few years. They got the price down... and then they throw us a bone at 1.30/share. And they know we will be happy after seeing the stock linger below 1/share for quite some time. Will be interesting to see if their independent board thinks this is a fair offer?
Where did you see this? Have the link?
Anyone believe they will offer more than 1.30?
Offer of $1.30 per share. Does this mean they want to take it private?
Board of Directors
Cadus Corporation
767 Fifth Avenue
New York, New York 10153
Ladies & Gentlemen:
As you know, Barberry Corp. ("Barberry") and High River Limited Partnership ("High River" and, together with Barberry, "us" or "we") collectively beneficially own 17,824,678 shares of common stock, $0.01 par value, of Cadus Corporation ("Cadus"), or approximately 67.8% of Cadus's outstanding shares of common stock. We would like to discuss a potential acquisition of the remaining shares of Cadus common stock by High River in a merger transaction pursuant to which Cadus shareholders would receive $1.30 per share in cash for their Cadus shares.
In addition to customary conditions, closing of this transaction would be subject to the following non-waivable conditions:
·
First, the transaction must be approved by a special committee of independent directors of Cadus that has been empowered to freely select its own advisors and to reject the transaction definitively should that be its business judgment; and
·
Second, the transaction must be approved by an informed vote of, or tender by, the holders of a majority of the shares of common stock of Cadus held by shareholders who are not affiliated with us.
We will not move forward with the transaction unless both of these non-waivable conditions are satisfied. We look forward to hearing from you.
Very truly yours,
BARBERRY CORP.
HIGH RIVER LIMITED PARTNERSHIP
By: Hopper Investments LLC, its general partner
By: Barberry Corp., its sole member
By: /s/ Keith Cozza
Name: Keith Cozza
Title: Secretary; Treasurer
News? Whats up here?
Every quarter nothing happens other than the cash being increasingly depleted.
Not sure about the volume other than the 10-Q just came out. Was there something of note in there?
Havent heard a word here. What's up with the recent volume?
Any news on what mr. Icahn is doing with Cadus?
Icahn Raises Stakes in Herbalife, Hertz, Reduces PayPal in 4Q http://bloom.bg/2kQmAwQ
Brutal volume. Tough to excited these days but I am staying long.
Tax loss selling season once again. Thanks for reminding me to see if can scramble up a few dollar bills and push the buy button.
Someone has been dumping over the last week.
Carl Icahn rumored to be in Trump's cabinet...possibly Secretary of the Treasury.
http://www.cnn.com/interactive/2016/11/politics/new-cabinet/
New lot for sale: http://caduscorp.com/portfolio/
Sans Souci Estates I
North Miami
This Sans Souci premier waterfront lot provides the setting for this to-be-built new construction masterpiece from [STRANG] Architecture. Enjoy sophistication and comfort within this fashionable open-concept home that features an over-sized master suite, designer finishes in the kitchen and bathrooms, and beautiful wide bay views from every angle of the home through the sun-washed floor-to-ceiling facade.
From 10Q, the lots listed where:
In addition, the following six vacant lots are currently listed for sale:
· 18970 N. Bay Road, Sunny Isles Beach, FL 33160
· 1420 Biscaya Drive, Surfside, FL 33154
· 1211 Stillwater Drive, Miami Beach, FL 33141
· 700 88th Street, Surfside, FL 33154
· 11400 N. Bayshore Drive, North Miami, FL 33181
· 11404 N. Bayshore Drive, North Miami, FL 33181
Interesting. Although I'm hoping for something more specific to this company. It doesn't hurt that real estate's doing well though.
#msg-125040929 money flowing to real estate.
Lets hope this is the start of something good.
Bullish on real estate?:
This is the best time in history to invest in real estate http://on.mktw.net/2bx8ewa
Form 10-Q for CADUS CORP
The Company seeks opportunities to profit from the purchase of individual homes or individual residential lots for purposes of renovation or construction and resale. The Company has completed renovation of one home (located at 3437 N. Moorings Way, Coconut Grove, FL) which has been listed for resale and is near completion of the renovation of a second home (located at 3506 Main Lodge Road, Coconut Grove, FL) which has already been listed for resale. In addition, the following six vacant lots are currently listed for sale:
? 18970 N. Bay Road, Sunny Isles Beach, FL 33160
? 1420 Biscaya Drive, Surfside, FL 33154
? 1211 Stillwater Drive, Miami Beach, FL 33141
? 700 88th Street, Surfside, FL 33154
? 11400 N. Bayshore Drive, North Miami, FL 33181
? 11404 N. Bayshore Drive, North Miami, FL 33181
The Company has started construction of a new home on its vacant lot located at 2535 Shelter Avenue, Miami Beach, FL 33140 and has listed this property for sale while under construction. The Company has obtained a permit for construction of a new home at 700 88th Street, Surfside, FL 33154 and is also in the process of obtaining permits for the construction of a new home on each of two additional lots (located at 2555 Shelter Avenue, Miami Beach, FL 33140 and 241 Atlantic Isle, Sunny Isles Beach, FL 33160). In addition to its real estate activities, the Company may consider acquisitions or investments in other industries.
It looks to me like it was Unlisted, not Sold. The last sale was still 2014, when KDUS bought.
Damn if that's the case. Was hoping to get a cheap family vacation there :)
I could use the same.
At least give us shareholders a free stay until their sold. I could use a cheap family vacation.
Carl Icahn wins big in Herbalife decision. Come on guy, send some of your newfound love to KDUS.
http://finance.yahoo.com/news/carl-icahn-wins-war-against-000000585.html
The lack of messages posted on this board is probably the best contrarian indicator to accumulate.
Still long, somewhat strong.
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Contact Information | Business Description |
Cadus Corp. 767 Fifth Avenue New York, NY 10153
| Carl Icahn has upped its stake Cadus Corporation (OTCBB:KDUS), a new filing with the U.S. Securities and Exchange Commission showed. Mr. Icahn own 17.82 million shares of Cadus Corporation (OTCBB:KDUS), equal to 67.81% of common stock shares outstanding. The new position is up from 5.26 million shares the fund held previously.
image: http://cdn2.insidermonkey.com/blog/wp-content/uploads/2013/08/Carl-Icahn-sitting-on-money-450x600.jpg
According to the filing, Mr. Icahn acquired an aggregate of 12.56 million shares at $1.53 per share upon exercise of the basic subscription rights and oversubscription rights in the rights offering conducted by the company. In a Form 8-K filed June 6, Cadus Corporation (OTCBB:KDUS) reported the results of its rights offering. Pursuant to the rights offering, subscription rights to purchase 13.14 million shares of the company’s common stock were exercised, resulting in gross proceeds of about $20.1 million. Cadus Corporation (OTCBB:KDUS) is engaged in the business of purchasing individual homes and individual residential lots, renovating or constructing on them, and reselling them. Read more at http://www.insidermonkey.com/blog/billionaire-carl-icahn-boosts-stake-in-cadus-corporation-kdus-to-over-60-322114/#m8Dqf1O85BjEkYER.99 |
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