No. of Recommendations: 1
Well, these things used to be much more common when

1) Brokerage fees were high and
2) Odd lots were subject to premium/discount.

But the market is really efficient now and cheap to get liquidity so there are almost no circumstances in which making a trade under these circumstances makes sense. If you hold shares directly, maybe it makes sense.

The company is attempting to lower the number of small shareholders holding the stock as they can be very expensive for the company to service.

So, best to let this tender go without acting.

Fool on!
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