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.
Mini-Tender Offer?
October 21st, 2009 at 06:02 pm
October 21st, 2009 at 06:40 pm 1256146801
October 21st, 2009 at 06:56 pm 1256147798
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...?
October 21st, 2009 at 08:36 pm 1256153781
http://www.fool.com/investing/high-growth/2007/07/10/dont-me...
Sounds like the answer is pretty easy, no matter what it is: DON'T.
October 21st, 2009 at 10:02 pm 1256158923
Thanks for the link, that does help. Very interesting to see that TRC is actually making a move on several firms, not just PG.
October 21st, 2009 at 10:55 pm 1256162116