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Acorn International, Inc. Message Board

  • mistermike18325 mistermike18325 Jul 12, 2011 6:10 PM Flag

    meaning of tender offer?

    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?

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