Q: Further to the Dutch auction, I am trying to figure out the affect this auction may have on the current and future stock price. When exactly does the company buy the stock? Do they do one big purchase on Apr 15 or buy daily along the way? Will the stock stay between $34 - $38 during the auction period or if the stock goes above $38 does the company end the auction? Finally, by putting a purchase price with a ceiling of $38 is the company saying that is what they think the stock is worth?
Apprecitate your insight.
Paul F.
Apprecitate your insight.
Paul F.