Will The Mattersight Series B $8.60 Tender Offer Expire Tonight?

We shall see. The trading in Mattersight's common, on the NASDAQ, will likely be choppy today.

It sure seems as though someone had some inside information on Mattersight, after about 10 am yesterday, and repeatedly traded on it -- in pretty significant volumes, from there on out -- as I mentioned last night.

So, be careful out there.

Mattersight's Partial Tender For Its 7% Preferred Expires -- Unless Extended -- This Friday

Unless extended, the previously-announced tender offer for the Series B 7% Convertible Preferred Stock of Mattersight will expire at 5 pm Chicago time on this Friday. Choose wisely. 

Is $8.60, plus unpaid dividends fair?

Only you can decide that.

But if you wait until year end 2012, you can turn it in for a full year's worth of 7% accrued but unpaid interest payments, and that's some nice cheddar in this choppy market. And it still converts, one for one, into common -- and the common has never paid a dividend.