re: Ann: Offer to Participate in SXG Share Pu... Has anyone seen an offer like this before?
The record date and the notice date is the same, which means (if I get my terminology correct) the ex date has already passed and there is no opportunity to buy into the SXG and take advantage of the offer. You have had to already been a holder.
The offer is at the lower of 7 cents or a 20% discount to VWAP for the five days prior to the close (up until 20 May). That's at least a 40% discount to todays's price (at least right now).
The offer is capped at $5,000 as well and not set proportionally to your current holding.
This offer seems designed to benefit the smaller holder... can this be true (WSA, POL, HRR will also lose proportional ownership in this deal) .
SXG looked like things were really starting to look up, now its looking even better for small holders like myself.
re: Ann: Offer to Participate in SXG Share Pu... Has anyone seen...
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