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I've seen other Corporations do this 'buy back or buy up' program before.

Its an accounting thing for them. They'd rather have all stockholders having more than one share... But to answer your question, you can ignore it. You can hold what you have, neither selling nor buying, until you feel ready. They can't and wouldn't try to force you out... that's not why they're making this offer.

I got the same paperwork for my KEI shares. I'm holding. If I had the free cash, I'd buy through the DRiP, not through their 'offer.'

John (Long on KEI since WAY before the bubble, and the burst)
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