RE:will Warren Buffet tender his shares?riverrrow wrote: Has WB ever sold shares at a discount to NAV?
Surprised that they are using the Dutch auction rather than normal course issuer bid.
But the Dutch method gives Berkshire Hathaway an exit. All BH has to do is tender all at $16.00 and they are bought out at whatever the auction price is. Turtle Creek might also want out ... then things all bets are off.
I suspect the Dutch auction was chosen to allow either BH or TC to sell out in a single transaction.