Post by fastwalker on Oct 23, 2004 0:34:22 GMT -5
;D
Tender offer or Mini Tender !!!!!
This is a very good read for the near future If there is a tender offer!!! It's a real eye opener!! Seeing that it's quite long I'll just copy the first paragraphs and give you the web page. Thanks to Franks Place!
www.sec.gov/investor/pubs/minitend.htm
Mini-Tender Offers:
Tips for Investors
Most investors welcome tender offers because they frequently provide a rare opportunity to sell securities at a premium above market price. But investors should know that not all tender offers are alike.
"Mini-tender" offers – tender offers for less than five percent of a company's stock – have been increasingly used to catch investors off guard. Many investors who hear about mini-tender offers surrender their securities without investigating the offer, assuming that the price offered includes the premium usually present in larger, traditional tender offers. But they later learn that they cannot withdraw from the offer and may end up selling their securities at below-market prices.
If you've been asked to tender your securities, find out first whether the offer is a mini-tender offer. And remember that mini-tender offers typically do not provide the same disclosure and procedural protections that larger, traditional tender offers provide. For example, when a bidder – the person or group of people behind the offer – makes a tender offer for more than five percent of the company's shares, all of the SEC's tender offer rules apply.
Tender offer or Mini Tender !!!!!
This is a very good read for the near future If there is a tender offer!!! It's a real eye opener!! Seeing that it's quite long I'll just copy the first paragraphs and give you the web page. Thanks to Franks Place!
www.sec.gov/investor/pubs/minitend.htm
Mini-Tender Offers:
Tips for Investors
Most investors welcome tender offers because they frequently provide a rare opportunity to sell securities at a premium above market price. But investors should know that not all tender offers are alike.
"Mini-tender" offers – tender offers for less than five percent of a company's stock – have been increasingly used to catch investors off guard. Many investors who hear about mini-tender offers surrender their securities without investigating the offer, assuming that the price offered includes the premium usually present in larger, traditional tender offers. But they later learn that they cannot withdraw from the offer and may end up selling their securities at below-market prices.
If you've been asked to tender your securities, find out first whether the offer is a mini-tender offer. And remember that mini-tender offers typically do not provide the same disclosure and procedural protections that larger, traditional tender offers provide. For example, when a bidder – the person or group of people behind the offer – makes a tender offer for more than five percent of the company's shares, all of the SEC's tender offer rules apply.
