$Exela Technologies (XELA.US)$ Do anyone know what the tende...
$Exela Technologies(XELA.US$ Do anyone know what the tender offer is all about?
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102252709 : They want to buy back the stock.
StrongMumOP 102252709: Thanks. But that’s below my Breakeven price.
student otg StrongMumOP: it's 1.25 plus 6% compound interest over 7 years. is that still below you're break even price? do some DD it's in the news feed here and that's not enough Google is the shit..
Old Stick : From all the input shared in few recent postings, plus my own researching, it seems like XELA do have upside of things :
Option 1 : To those who convert to Senior Note, this is like getting a "share buy back" at a premium price equivalent to USD 1.25 per share, and still can potentially earn 6% interest per year as right to the Senior Note. This is a reflective of XELA's confidence to continue to pay "dividend" long term.
Option 2 : After some portion of common stock take up Option 1, the total common share number will decrease and making it higher chance of reaching > USD 1 share price point, which will get rid of the delist warning by SEC.
IMHO, either way you choose, this is a very smart manouever by XELA.