I received the following from Fidelity:
“Abbott Laboratories has initiated an odd lot tender offer open to holders of 99 shares or less of the company's common stock as of record date 6/6/2022.
If you are considered an "odd lot holder", you have the option to:
1- Sell all of your shares
2- Buy enough shares to own a "round lot" of 100 shares
Shareholders will receive a price per share equal to the average price of all
shares sold/purchased on the expiration date.”
Question: why would one take this offer instead of buying/selling in open market?
Thanks!
Submitted August 19, 2022 at 03:43AM by Particular_Curve_339 https://ift.tt/zjiMygN
