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It looks like my offer price was accepted. E*Trade has already swept the bonds from my account and put a place-marker into the account in their stead. I suppose the funds will show up in a few days.

Here's today's announcement from Dow about the tender:

It appears Dow received an offer for $1.7B of the bonds in the first pool. They were planning on purchasing $400M. They decided to increase their offer to purchase $1.2B. (Only about 1/3rd of the Union Carbide bonds were tendered.) I suspect my ask was near their high price ... not that it would have mattered much in a Dutch auction; but I also suspect they could have satisfied their original $400M with their minimum spread.

- Joel
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