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Peer & Peri trying to buy Boeing shares through mini-tender offer

Staff Writer | March 10, 2019
The Boeing Company has received notice of an unsolicited "mini-tender" offer by Peer & Peri to purchase up to 10,000 shares of Boeing's common stock.
Boeing shares
America   Boeing is not affiliated in any way with Peer & Peri
Peer & Peri's offer price of $335.00 per share is approximately 22% lower than the $426.87 closing price of Boeing shares on February 25, 2019, the date of the commencement of the offer.

Boeing is not affiliated in any way with Peer & Peri, the offer, or the offer documentation.

However, the rules and regulations of the Securities Exchange Act of 1934 require Boeing to publicize its position with respect to the offer.

Boeing recommends against shareholders tendering shares in response to the offer, as the offer price was significantly below the market price of Boeing's stock as of the commencement of the offer, and is also significantly below today's closing price of $422.54.

The offer also does not provide investors with the same level of protections under U.S.

federal securities laws as provided by larger tender offers.

Mini-tender offers seek to acquire less than five percent of a company's outstanding shares, thereby avoiding many disclosure and procedural requirements under U.S. federal securities laws and the rules and regulations of the U.S. Securities and Exchange Commission (SEC).


 

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