The headline read: Final Proration Results of Tender Offer. I thought the tender offer was for $6. per share for American Depository Shares. But the offering was "oversubscribed", and the news indicates that those who agreed will get 70%. HUH? Are those who signed up for this only getting 70% of $6.? That is only $4.20 Is this right?
no. They are getting 70% of shares tendered bought for $6. The remainder will be returned. ---------------------- Lotta bids showing up today. Mebbe someone knows something. Like the new majority owners about to take the rest of the shares.