Replies to post #1483 on Scottish Re Group Ltd (fka SKRRF)

[insomniac]

Bwana 12 are you still figuring 50 cents in TWO Years for the common?? Thanks in Advance;..

[Enterprising Investor]

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.