RE:RE:RE:RE:Further to my TNSH listing ideaWhy wouldn't they if it gives them a nice little profit from where the convert is currently trading. There is nothing special about TH's convert - it can be easily replaced with others in any convertible portfolio. Now, I would not expect all the convert holders to convert since many are likely held in none institutional hands. But for those that are held in institutional hands they may well take you up on the offer.
palinc2000 wrote: Why would holders of the Convert tender ?? A tender Offer at par would be ignored by the Holders
SPCEO1 wrote: That is correct. But what I am talking about is a tender offer for those converts.
palinc2000 wrote: I am pretty sure that the Convert cannot be redeemed before maturity except if the SP close to maturity exceeds or is equal to the Conversion price