RE:Market unsureshawshank2 wrote: Very weird offer imo...bam trying to manipulate the price higher which i think is why the market iant sure. If you have been holiding for a long time you would still be under water. I think this is to soften blow of q2 or something else. Who knows
I don't see why this is a "weird offer". Basically, BAM wants to buy more of BPY and is willing to offer $12USD.
Only reason the share price would be below the offer is if the market believes that the offer will be oversubscribed. Otherwise, you could buy shares now, tender them and make a good profit (dividend for the month of July + the difference in price).