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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (11695)	10/19/1999 11:07:00 PM
From: Arcane Lore	Read Replies (2) \| Respond to of 18998

The mini-tender offers for NAVR and CSTR involved slightly less than 5% of the shares outstanding for each stock ( see #reply-11527034 ). As such, they were not subject to the various filing, disclosure and other regulatory requirements of Section 14(d) of the Exchange Act and Regulation 14D: law.uc.edu law.uc.edu Your point about the shareholder being asked to give a free call on the tendered shares is an excellent one. Furthermore since the mini-tender offer can be theoretically be extended the expiration date of the call is, at least in theory, indefinite.