RE:RE:What we have here is using one TRUTH to apply to makeok original post, now i see where your going wrng
3375000 is 4% of 84MM
They will buy 4% and since its offered equal for all shareholders thats 4% of what you own. Not 4% of float or 4% of tendered amount.
if everyone tendered all their shares then it would be 4% each and also work out to you selling 4% of the tendered shares. but thats a perfect world with all tendered to the max. this will be a little different. You could sell more, in fact if you tender 3375000 and nobody else does then you get 100% of the tendered shares but still works out to 4% of the float.
All of us own 100% of this company, they are buying 4% back, we all get to sell them 4% of what we own.
Hope this helps