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Author: raingarden One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 55  
Subject: Re: Tender Offer Date: 9/3/1999 10:09 PM
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It's my impression that we don't really have a choice.
It's more like surrender now or surrender later.
I was notified by Schwab that I could submit my shares for the tender offer. The drawback to doing so is that Schwab charges $39. to do the paperwork and I only hold a few shares. If the deal goes through (and I have no reason to think it won't) and you have not submitted your shares for the tender offer (which they only needs a certain number for approval (?)), then
it is my understanding that you will receive a check for your shares once the takeover has been completed. Because I hold so few shares, I'm going to wait it out (even though that ties up the money) and hope there will be no additional transaction charges, just $37.75 per share to me. Hope that helps.
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