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Schwab sent me a tender offer for my shares of Coresite Realty (COR). Offer price is $170.00.Today's market price is $170.05.What am I missing here??Barracuda
American tower and COR are merging.
Okay, thanks.So if I do nothing, I get cashed out at the agreed-upon price ($170, I gather) anyway? Or do I have to officially accept the tender offer?
I don't know.If it was me,I would either sell or contact my broker.
So if I do nothing, I get cashed out at the agreed-upon price ($170, I gather) anyway? Or do I have to officially accept the tender offer?Yes, you will be cashed out even if you don't tender, per this press release https://www.nasdaq.com/press-release/american-tower-commence...A successful consummation of the tender offer will be followed by a merger to acquire any untendered shares of CoreSite for the same price payable in the tender offer.AJ
Isn't there usually some sort of nominal fee associated with the transaction if you do not sell on the open market? In that case, the premium (if available) of any sort is welcome since you also avoid that fee. (even if it's small).
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