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Investing 201: What Is A Dutch Auction?
Tuesday, August 22, 2017 - 2:47pm | 621Read More...Herbalife Ltd. (NYSE: HLF) announced Monday that it has commenced a modified Dutch auction, a self-tender offer to purchase up to $600 million shares of its common stock using cash. The pricing was fixed between $60 and $68. The company also said, for each share tendered, shareholders would...
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Herbalife Sharply Higher Off Dutch Auction Announcement And Chatter About Going Private
Monday, August 21, 2017 - 11:05am | 157Read More...Herbalife Ltd. (NYSE: HLF) shares are trading higher by $6.07 at $68.02 in Monday's session. There are two catalysts behind the rally. First of all, the company has announced a modified Dutch Auction for $600 million in common shares between $60.00 and $68.00/share. Investors who decide to tender...
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Dutch Auction Tender Offers Explained
Monday, November 21, 2016 - 12:13pm | 611Read More...Resources Connection, Inc. (NASDAQ: RECN) recently announced preliminary results of its modified "Dutch auction" tender offer to buy up to 6 million shares at a price not greater than $16 nor less than $13.50. The stock closed at $15.90 on the day of the announcement, up from $15.75 in the...
