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Strategies & Market Trends : The Ego Forum

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From: hubris3312/28/2012 4:57:06 PM
   of 12175
Free Money anyone? .................. ...............

I dunno... doesn't this look like "free money" to you?

Buy AUQ shares here at 7.80. Tender them to the "dutch auction" at an offer price of $8.30(1) You may get more for the shares if the auction price is higher. You make 50-cents per share when the deal closes January 23, 2013.

+6.4% Gain for one month's "work" looks like 72% Annualized. Let's say it takes 2-months to get your money, that's still an annualized return of 38%! Not bad, and seemingly low risk as well?

eh, but why take a lower-risk, lower-reward opportunity when we can swing for the fence?


The Offer will proceed by way of a "modified Dutch auction", pursuant to which AuRico shareholders may deposit all or a portion of their Shares at a price within a range of not less than $8.30 per Share and not more than $9.30 per Share (with increments of $0.05 per Share within that range). The modified Dutch auction tender process allows shareholders to individually select the price, within the specified range, at which they are willing to sell all or a portion of their Shares. When the Offer expires, AuRico will select the purchase price of the tendered Shares which will be the lowest tendered price within the range of prices, enabling the Company to purchase up to the maximum number of Shares validly tendered to the Offer. All Shares tendered at or below the selected price level will be bought at the purchase price. If the aggregate cost to purchase the tendered Shares exceeds $300 million, the Company will accept such Shares on a pro-rata basis. All Shares tendered at prices higher than the final purchase price will be returned to shareholders.

The Offer will not be conditional on any minimum number of Shares being tendered to the Offer, but will be subject to other conditions customary for transactions of this nature. The Offer will remain open for acceptance until January 23, 2013, unless extended or withdrawn.
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