SIB info I'm a little disappointed thought range would be a bit higher.
The Offer is being made by way of a “modified Dutch auction”, which allows shareholders to select the price, within the specified range, at which each shareholder is willing to sell all or a portion of the Shares that such shareholder owns. The Offer prices range from C$43.50 to C$48.50 per Share (in increments of C$0.10 per Share). The Offer will be for up to a maximum of 6,896,551 Shares or approximately 13.69% of Home Capital’s 50,393,438 total issued and outstanding Shares based on full participation and a purchase price equal to the minimum purchase price per Share. The directors and officers of the Company have advised that they will not tender any of their Shares pursuant to the Offer.