No. of Recommendations: 0
Sorry, no advice

But since your first post suggests the issue was $100MM and later you mention its actually $250MM...then are you sure the tender is coming from that company itself? Or someone else hoping to profit from someone else's fear?

A few years ago I read about some lowlifes that would throw out a tender offer to shareholders of some random stock, for half of the current share price, hoping to panic folks into accepting it. For some dumb SEC regulation, the bogus offer had to be presented to the shareholders. There was talk about making such an activity illegal, but I don't know if that ever happened.

I'm guessing you looked at the latest numbers in the quarterly, to see if they are bleeding or making a little bit? (I'm not trying to insult your intelligence, honest).

A phone call to the company's Investor Relations office can't hurt (unless they just give you info that confuses rather than clarifies).
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