RE:RE:RE:Aav buybacks via Dutch auction
$C 12.90 (maximum tender price) is 9.6% above current price. Closing is 4 weeks away and that premium will be more attractive as the timeline gets shorter. $9.6% in a month is not a bad return. Someone can buy today and tender for $12.90, hoping to get all the shares accepted at that price. Worst that can happen is you just hold AAV shares at $11.76, which is an attractive investment in my opinion. Advantage also has the right to change the terms. If the share price bounces to $13 no one would tender and they could increase the maximum accepted bid, or just take what is offered below market price.