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LONDON (Alliance News) - BH Macro Ltd said on Tuesday it has proposed a tender offer to shareholders to acquire up to 25% of the issued shares of each of its share classes.
The company said it was making the tender offer to provide its shareholders with "an opportunity for more liquidity than is offered by on-market purchases by the company of its own shares".
The tender offer will be open for acceptance by shareholders in May, it said, and will be priced on the basis of the May 31 net asset values for BH Macro's shares.
Shares in BH Macro closed up 0.1% at 1,984.22 pence on Tuesday.
By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland
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