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To: monkeyshine

I don’t know if this sell off was done on the market. Am I reading this right that they’re securities that were not on the open market?


11 posted on 03/28/2021 9:48:55 AM PDT by Bayard
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To: Bayard

My understanding was they did the transaction after hours. Interesting story, to say the least.


13 posted on 03/28/2021 9:55:02 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Bayard

According to the article it sounds like it was a private transaction. Not over the exchanges/open market. I presume the buyers and sellers were both sophisticated enough to understand the transaction and negotiated a price. If the seller dumped them all in the open market it would have negatively impacted the share price so I presume the buyer knew that and negotiated a price that incorporated that fact into the purchase price.


27 posted on 03/28/2021 10:47:13 AM PDT by monkeyshine (live and let live is dead)
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