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Dutch Auction Tender Offers Explained
Monday, November 21, 2016 - 12:13pm | 611Resources 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...