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re: lowest qualifying price: You're close...

3 bidders:
Bidder A wants 50 mil at $26 per share
Bidder B wants 50 mil at $27 per share
Bidder C wants 50 mil at $28 per share

First, they take the highest bids that get them to their 100 mil mark. In this case, Bidder C's 50 mil at $28 per share and Bidder B's 50 mil at $27 per share.

Since the 100 mil was met before it got down to Bidder A's offer, Bidder A is gone.

Out of what's left, the lowest qualifying price is $27, so all bidders who won get it at this price (Bidder C gets to pay 27 instead of 28.); Posted by: JakAttak Posted on: 04/30/04 You are currently: a Guest | Members login | Terms of Use

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Open accounts Mstowelboy2b | 04/29/04

You Don't... BitTwiddler | 04/29/04

getting in RussBuck | 04/30/04

whatever V Sanders | 04/29/04

Huh? d_jedi | 04/29/04

IPO RussBuck | 04/30/04

IPO,SchlaMyPo RussBuck | 04/30/04

HELP ME!!!! vdelrio | 05/03/04

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