The fact that they followed through on the offer when, by the terms of the offer, they were not required to, says to me that they are trying to show great confidence in "F" or trying to generate consumer confidence in F.
I can't see why else they'd follow up if they didn't have to. Makes me feel like I am missing something but I haven't figured out what... why would they do that? Why pay a premium for something you can get at a discount? Is paying up going to make F a better value or sway enough buyers to bring Tracinda significant profitability on the trade? I mean, if they bought at 8.50, even though their average is much lower, they still need to sell at better than $8 to make more than 10% on it.
hmmm
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