Bank of America Tender Offer – What to Do?
Bank of America is going through with a non mandatory reorganization or tender offer to its shareholders of 99 shares or less. Isn’t this just like Bank (RUPT) of America to try to weed out the little guys so they can let the “high rollers” bask in the glory. Every day, Americans must regret working with this bank. Who really knows what will happen in the future but as a shareholder, it is a very hard decision to take a tender offer which is one of your options. The tender offer is often at a premium of the current price, but if you have held this stock for more than a month, it would have to be an extremely high premium to get any gains out of this.
We can only hope, for the shareholders, that things get better. Maybe Mr. Lewis and his group of misfits will figure things out, but that is unlikely.
Great Article about Bank of America written on January 15th
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One Comment on Bank of America Tender Offer – What to Do?
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Church of Cowherd » I Own Stock in Bank of America, What Should I Do? on
Tue, 17th Feb 2009 8:10 pm
[...] been sent to shareholders that Bank of America will be completing a non mandatory reorganization or tender offer to its shareholders of 99 shares or less. With many shareholders taking a steep loss, many are [...]
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