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Tuesday, 08/15/2017 5:47:53 PM

Tuesday, August 15, 2017 5:47:53 PM

Post# of 31087
Yep, there was a deal to HEAD stockholder but in favor of whom?

'Tennis, Anyone?' Are Head NV Shareholders Being Bullied To Sell?
Summary

On Dec. 13, 2013, Head NV made a conditional offer to buy company shares for a 15% premium. The amount of shares offered equals the entire public float.

The company extended the offer deadline four different times, trying to reach a threshold level of 19,200,000 shares worth of sell commitments.

They could only get 16,500,000-plus shares worth of sell commitments, so they finally withdrew the conditional offer on March 25, 2014.

On March 28, 2014, (three days later) the company announced an unconditional offer to buy back shares. This time it was for a 2%-3% premium.

The unconditional offer period expires April 17, 2014.

You should read this!
Apr. 9, 2014 11:16 AM ET
https://seekingalpha.com/article/2133233-tennis-anyone-are-head-nv-shareholders-being-bullied-to-sell




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