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Shares of TAL International (TAL -8.1%) slump after the company announces a new secondary...

Shares of TAL International (TAL -8.1%) slump after the company announces a new secondary offering from a group of selling shareholders. In aggregate, 4.036M shares will swap hands.
Comments (1)
  • rocketman3
    , contributor
    Comments (35) | Send Message
     
    I've never really understood the impact of this. LyondellBasell in early December, announced a similar secondary offering from a group of selling shareholders at $48.50, none of the proceeds of which would go to LYB. I held off buying on the open market figuring that the share price would fall. It didn't. It took off like a rocket and went to $63+. Is someone able to explain why has TAL gone in the reverse direction?
    21 Feb 2013, 04:23 PM Reply Like
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