Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, January 16, 2009

Article Excerpt

AASTRA TECHNOLOGIES, $10.84, symbol AAH on Toronto, plans to buy back roughly 2.5 million or 16.9% of its 14.8 million outstanding common shares through a Dutch auction. Stockholders who want to sell their Aastra shares under the plan must offer them at a price between $10 and $12.50 a share before January 27, 2009. The purchase price will be the lowest price in that range at which Aastra can buy 2.5 million shares. Aastra will pay that same price for all shares tendered at or below that price. If you tendered at a higher price, the company will return your stock. The transactions will be commission-free. If you are thinking about selling Aastra, you might tender at the top price of $12.50. You may get to sell some or all of any stock you tender at that price, without paying brokerage fees. If you simply want to get rid of a small lot of thin trading Aastra without paying commission, then tender…

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