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Gold/Mining/Energy : ABER RESOURCES
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To: .Trev who wrote (905)12/19/1998 1:31:00 AM
From: Lilian Debray  Read Replies (2) of 2006
 
I wonder if regulators will be as silent in Canada as they are in the US. Was the offer made to Canadian investors?

"These offers pose hardly any risk to IG Holdings, according to the tender offer's fine print. In documents tendering for Providence & Worcester, IG Holdings says the stock will be paid for “in cash within 30 business days … after shares have been transferred.”
The 30-day window could allow IG Holdings to turn around and resell the stock into the market at full price—reaping a profit before it is due to repay investors.
Gregg Leff, director of strategic planning at Universal American Financial, says “the shareholder could be paying for them to make money—it's just an icky situation.”
“My fear,” Leff says, “is for the 75-year-old grandmother who simply doesn't check the current stock price against the amount of the tender offer.”
abcnews.go.com
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