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ORH Tender offer mechanics


bargainman
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Can someone walk me through the tender offer mechanics. I have some shares of ORH.  I've been told that i would have to tell my broker that I want to tender my shares to FFH if I want to sell them.  Now what happens if I don't tender them?  Will FFH still end up buying them out?  Presumably there will be some people who just have ORH and just aren't aware of the Tender offer or too lazy/busy to tell their brokers to do it.  What happens to those shares?

 

Thanks.

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