No. of Recommendations: 0
That means if you can find someone willing to pay that 122 quoted value for them, you should sell. Because they are probably callable at close to 100.

Buyer takes the risk they will be called from him at a loss.

There is probably some good reason why they were not called before, but whatever it was, Occidental has resolved the issue and now want to move forward.

But still you wonder why they tendered for them rather than calling them.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.