Sherritt International Corp T.S

Tender Offer

[SilenceDogood1]

I wonder if SC2 will actually take up any of the shares tendered to their offer.  Certainly Seablinc's credibility will be 0 with shareholders if they don't follow through.

[rkhosla]

I think they will genuinely take up the shares. However, most of the shares they 'take up' will be from related entities. That is what makes this a litle bit of a shell game.  They already 'owned' most of the shares they are taking up.

[rkhosla]

Disclaimer re "most".  If they end up with 4% of the company, then yes, "most" came from shares they already owned.  If they end up with 5%, then 2/5 or 40% came from shares they already owned....