Thus, it could buy shares for its own account. Breakeven would be $16.50. Personally, I have thought the bid was running a little to high for a $16 offer.
We will both have to just wait and see the results.
The company could always pick up shares in the market once the tender offer expires and the price drops?
Not to sound like your mom or anything but if all the other kids on the block decide to jump off a cliff that doesn't mean you have to also young man! lol... ;)