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Mini-Tender Offer?

October 21st, 2009 at 10:02 am

I have a stake in Proctor Gamble, and Scottrade is telling me that there is a Mini-Tender offer for it?

The details are scant. It's non-mandatory, cost for the transaction will be $25, offer expires on Nov 5, and here's a link to the SEC for basic information about it.

That's it.

I've never encountered this before. What does this mean? Where do I find out more information about it? Scottrade website provides no clue.

Sure seems like a lot of weird things are happening lately. Big Grin

5 Responses to “Mini-Tender Offer?”

  1. kimiko Says:

    Google Stick Out Tongue

  2. Broken Arrow Says:

    Haha, sassy girl. Already have. However, I don't see any details on how I could go about doing this. That is, if I wanted to and could have done it.

    But now that I think about it, I suppose this may be something that I should be calling up a Scottrade service rep and be doing over the phone...?

  3. baselle Says:

    Maybe this will help.
    Sounds like the answer is pretty easy, no matter what it is: DON'T.

  4. Broken Arrow Says:

    Heh, yeah, don't worry. I wasn't considering going through with it. I was just wondering how that would actually work, if I was planning to do such a thing.

    Thanks for the link, that does help. Very interesting to see that TRC is actually making a move on several firms, not just PG.

  5. homebody Says:

    I got it too. I ignored it. Had one a year or so ago for Bristol-Meyer-Squibb. Ignored it too.

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