Bank of America Tender Offer?

[MrDODGE]

Friend just called and notified me that he heard people are receiving letters from Scottrade indicating a tender offer for Bank of America. I expect this to be a rumor but am unsure given the crazy things that have happened over the past year.

Has anyone else heard about this?

 

[5yrtrader]

At what price?

 

[MrDODGE]

He didn't know any details. That is why I am expecting this to be pure rumor.

 

[Jander]

just a mini tender, dont think the offer is above market

 

[bond_trad3r]

Futures has proven to be ineffective so they are not going directly into the market. PPT is getting desperate!

 

[risktaker]

Maybe Chinese want to embarass US by making another offer on a US "landmark".

 

[bond_trad3r]

Maybe it's those Somali Pirates, after the Citibank deal fell through.

.10 cents a share is better than the FDIC seizing it and shareholders getting nothing.

 

[kxvid]

http://www.freerepublic.com/focus/f-news/2186400/posts

 

[ByLoSellHi]

Guys , bear with me.

WTF is going on?

This has to be a hoax, right?

 

[stock777]

I hear there's a tender offer for the US of A coming Tuesday morning.