Q: WTG has announced a "modified dutch auction" to buy back $1Billion worth of shares.
Is there anything to be learned from previous companies that did this? The trading activity is going to be skewed for the next few months. I believe the price will trade closer to $98 over the next few weeks.
I owned shares of HCG when they did a similar proposal and I recall regretting not selling to the market just before the offer closed because it traded above the cutoff price.
Thanks Dave
Is there anything to be learned from previous companies that did this? The trading activity is going to be skewed for the next few months. I believe the price will trade closer to $98 over the next few weeks.
I owned shares of HCG when they did a similar proposal and I recall regretting not selling to the market just before the offer closed because it traded above the cutoff price.
Thanks Dave