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AuRico Gold Inc. Message Board

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  • letthemeatipads letthemeatipads Dec 28, 2012 3:49 PM Flag

    Tender Offer

    A tender price lower than 8.30 would make sense.

    At this point, lets look at the situation: buying at 8.30 actually destroys shareholder value (direct transfer from holders like you to traders). That value (between where people are buying and where they will tender) doesn't magically appear -- it is taken away from the company's value.

    If they bought back at 5.50 or 6 maybe the situation would be different, but the stock will fall like a rock after the tender offer.

3.74-0.15(-3.86%)Nov 26 4:05 PMEST

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