[To tender or not to tender:]
<<<Re: tendering or not. Having tried to read all the gobblegook, I'm still unsure as to the payoff and procedure. The only advantage to tendering is we get our $20 sans commission. No stock swap, correct?>>>
I'm sitting here smiling thinking of all the people who've asked me about the tendering process. Some of my friends are actually confessing to having bought the stock --- almost like coming out of the closet: "You know I bought a few shares after you talked about it at our last meeting. Now, about this tender offer. . ." In fact at the party tonight my kids' pediatrician, who's been a friend for decades, told me Amati's the only stock he's ever bought in his life. I gulped, "What did you pay???" He smiled. "Around fifteen." (Sigh of relief on my part.) When I told him to check out the TI article in the IBD, he didn't know what that was. So I had him write it out, "Investor's Business Daily, a business journal." "Now where do I buy it," he asked. "Your local speedy mart --- 7-11's fine." He wrote that down, too. While he had his pen and paper out, I told him I had another stock tip. Then I wrote out Spectrum. . . I figure it's a pretty good bet. Not much downside and knowing him, he'll buy and hold it till hell freezes over --- or it's bought out.
At any rate, back to your question about tendering. I haven't read the prospectus yet --- it just came this afternoon and I haven't had time --- but I think you don't have to do anything if you don't want to tender. If I'm wrong, someone please correct me.
I'll let you know if I find out differently.
Cheers!
Pat
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