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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

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