Exobox Technologies Corp (EXBX)

[Better Days]

I got this posting today. I’m new to all this, so I haven’t a clue what it all means, or if this is normal.


Microsoft shareholders have the right to tender their shares to the company before August 17, 2006 at a price per share not greater than $24.75 and not less than $22.50. This represents the repurchase of up to 808,080,808 shares of common stock, or about 8.1% of the common shares outstanding. Based on the number of shares tendered and the prices specified by the tendering shareholders, the company will determine the lowest price per share within the range that will enable it to purchase up to 808,080,808 company shares, or such lesser number of shares as are properly tendered. The company will not purchase shares below a price stipulated by a shareholder, and in some cases, may actually purchase shares at prices above a shareholder's indication under the terms of the modified "Dutch auction". Further information is available online at http://www.microsoft.com/msft/earnings/FY06/earn_rel_q4_06.mspx under Tender Offer Details. Shareholders are urged to carefully read these materials prior to making any decision with respect to the offer. The offer is subject to pro-ration.