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White Mountains Insurance Group, Ltd. Message Board

  • snogreen snogreen Feb 2, 2012 3:32 PM Flag

    WTM buys back 48,000 shs more

    Here's a late tidbit. The last dutch tender that ended mid Nov, they got 4,000 shares. At the SEC filing WTM said that after this tender there woudl be 7,626,243 shares outstandinf.

    Yesyerday, John Byrne filesd his 13-d of 9.5% ownership of WTM. But get this! The 13-d stated that he owned 9.5% of WTM based on as of December 31, 2011 of 7,577,855 shares outstanding. This means that between Nov 14 and Dec 31......WTM repurchased 48,388 shares. Considering the Dutch Tender that expired Nov 14 they on;y gopt 4,000 shares...it's a surprise that WTM got aggressive between Nov 14 and Dec 31 and bought twelve times that amount in the open market.

    So 7.577 million out for our dec 31 book value.......up she goes.

613.10-0.98(-0.16%)Jul 29 4:01 PMEDT

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