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Wednesday, February 22, 2012 2:02:24 PM
While pursuing our run-off strategy, we may from time to time, if opportunities arise, purchase in privately negotiated transactions, open market purchases or by means of general solicitations, tender offers or otherwise, additional amounts of our outstanding debt, non-voting preferred securities, and other liabilities.
Financial Statements 3/31/10 (page 7)
http://www.scottishre.com/pdf/SRGL_2010_Q1_Financial_Statements.pdf
If I was the CFO, I would have made sure it got done. It was a lost opportunity. Over 681,000 shares have traded since the tender offer expired with only a few shares ever trading above $16 per share.
If you aren't an Enterprising Investor, become one—you'll love making money like Benjamin Graham.
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