Replies to post #363834 on Option Millionaires

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Incyte is buying back $2 billion worth of stock, including more than $1.67 billion through a modified "Dutch Auction" tender offer.
Incyte on Monday said it set a price range of $52 to $60 a share for the tender offer, which it said would bring in between 12.4% and 14.3% of its shares outstanding if fully subscribed.
Incyte said it has also agreed to buy back up to $328 million from entities affiliated with Julian and Felix Baker , including funds advised by Baker Bros . Advisors, in a move that would enable the Baker entities to maintain their current 16.4% stake in the Wilmington, Del. , biopharmaceutical company.
Incyte , which currently has around 224.5 million shares outstanding and a market capitalization of roughly $11.9 billion based on Friday's closing price of $53.06 , said the tender offer is slated to expire on June 10 , adding that it will pay the same per-share price in the tender offer and the Baker repurchase.