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Enterprising Investor

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Re: bwana12 post# 1483

Tuesday, 05/04/2010 12:37:08 AM

Tuesday, May 04, 2010 12:37:08 AM

Post# of 1731
A successful tender offer requires a premium.

Would you participate in an offer if the consideration was only $7.50? Probably not. Neither would most investors. SKRUF would probably immediately trade at $7.50 upon announcement, and the company would fail to obtain the required number of shares in the offering.

$7.00 plus 25 percent ($1.75) is $8.75.

If you aren't an Enterprising Investor, become one—you'll love making money like Benjamin Graham.

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