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To: ftmp who wrote (234)1/23/1998 12:32:00 PM
From: christopher d licata  Respond to of 267
 
company sets a price and number of shares they are willing to repurchase. based on the number of shares tendered, the company then determines the amount of shares they buyback from each shareholder to meet the announced number of total shares to be repurchased. this is a very interesting development for shareholders.



To: ftmp who wrote (234)1/23/1998 2:14:00 PM
From: Arthur  Read Replies (1) | Respond to of 267
 
>what is dutch auction?

A recent example of a Dutch Auction was Corporate Express (CEXP).
The following news release describes how it works.

biz.yahoo.com

Art


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