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Replies to post #57282 on Andiamo Corp. (ANDI)
CliffRaRaRa86
09/13/12 1:17 PM
#57283 RE: PaddyOmalley #57282
specutator
09/13/12 1:25 PM
#57289 RE: PaddyOmalley #57282
The price condition is intended to prevent the issuer from leading the market for the security through its repurchases by limiting the issuer to bidding for or buying its security at a price that is no higher than the highest independent published bid or last independent transaction price. As such, the price condition uses an independent reference price that has not been set or influenced by the issuer but, instead, is based on independent market forces.