SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CRUS, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Frank Povoski who wrote (5127)2/23/1998 3:03:00 PM
From: feltburner  Read Replies (1) | Respond to of 8193
 
Frank, in a Dutch auction the co. would announce they will buy back up to 10mm shs. at (for example) $13 per shr. Shareholders who wish to sell at that price can then tender their shs. to the co. If over 10mm shs. are tendered then I believe they prorate the purchase over all participants. It is the easiest way to buy back a large number of shs. quickly if mgmt. is serious about buying near the 10mm authorized limit.
-Felt Burner



To: Frank Povoski who wrote (5127)2/25/1998 1:24:00 PM
From: Web2  Read Replies (1) | Respond to of 8193
 
A dutch auction starts high and the price is lowered until buyers step in. This is how T-Bills are sold.

Bill


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News