It's a way of returning funds to shareholders. think along lines of a buyback. co buys shares then cancels some thereby increasing value of remaining shares well a tender is similar but it is guaranteeing shareholders a fixed amount for their shares at a premium as a return to them . Reasons 👇

It’s unusually generous in this day and age. I guess I’ll sell as many as they’ll take and then try to buy them back in the market for less. I certainly want to stay invested in #NIOX.