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Tender offer advice
Posted on 2/26/24 at 9:52 am
Posted on 2/26/24 at 9:52 am
Need some help understanding a tender offer. I’ve never gotten this before an E*trade just notified me that DWAC is offering a tender option for 10.87 one or before March 20. Is this offering 10.87 on top of each share price or is it 10.87 a share for a stock currently tradin
Posted on 2/26/24 at 1:15 pm to MDTiger 13
They want you to sell your $50 shares to them for $10 now to avoid the risk of their dropping in value IF the upcoming merger vote fails.
You would have to be an idiot to take it.
https://truthsocial.com/group/dwac/posts/111969901646488668
NFA
You would have to be an idiot to take it.
https://truthsocial.com/group/dwac/posts/111969901646488668
NFA
This post was edited on 2/26/24 at 1:18 pm
Posted on 2/26/24 at 4:34 pm to MDTiger 13
Dwac is insane. $10B valuation for a company that generated $3.4m in revenue in the first 9 months of 2023.
Posted on 2/26/24 at 5:21 pm to Kjnstkmn
Thanks. As mentioned, I’ve never had seen this before and thought I was reading wrong in the offer of $40 lower than current price
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