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Mini-tender. Looks good.
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
I'm one of many now tendered to sell shares in Microsoft @ $280. Price is currently $260.
But the buyer will only make good on his promise once the price is comfortably above $280. In the indefinite interim the ownership is in limbo.
I'm grateful to underground for explaining this but cannot understand why reputable stockbrokers act as agents to facilitate this scam.
AJ Bell in this case.
The U.S. Securities & Exchange Commission (SEC) supplies a warning regarding Mini-tenders, which is as follows:
"Mini-tender" offers - tender offers for less than five percent of a company's stock - have been increasingly used to catch investors off guard. Many investors who hear about mini-tender offers surrender their securities without investigating the offer, assuming that the price offered includes the premium usually present in larger, traditional tender offers. But they later learn that they cannot withdraw from the offer and may end up selling their securities at below-market prices.
You are able to read the full SEC warning by copying and pasting the below link into your web browser:
https://www.sec.gov/rules/interp/34-43069.htm
But the buyer will only make good on his promise once the price is comfortably above $280. In the indefinite interim the ownership is in limbo.
I'm grateful to underground for explaining this but cannot understand why reputable stockbrokers act as agents to facilitate this scam.
AJ Bell in this case.
The U.S. Securities & Exchange Commission (SEC) supplies a warning regarding Mini-tenders, which is as follows:
"Mini-tender" offers - tender offers for less than five percent of a company's stock - have been increasingly used to catch investors off guard. Many investors who hear about mini-tender offers surrender their securities without investigating the offer, assuming that the price offered includes the premium usually present in larger, traditional tender offers. But they later learn that they cannot withdraw from the offer and may end up selling their securities at below-market prices.
You are able to read the full SEC warning by copying and pasting the below link into your web browser:
https://www.sec.gov/rules/interp/34-43069.htm
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