Exactly... this is a way for them to retire shares without a buyback. The value of the company is still there, it's just about to be exchanged for a tangible amount of cash, in which shareholders have equity... and if shares are retired, the remaining shares are worth more.
...that's the theory anyways. It's also possible they play a shell-game with the cash and stick us with a shell-company that we still can't trade.
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