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David Tweed

Posted in Traders' Delusions, Submitted by Trading Critic on Sat, 2006-12-30 21:01.
David Tweed, the notorious share raider has again made an approach to shareholders to purchase their shareholdings

David Tweed, the notorious share raider has again made an approach to shareholders to purchase their shareholdings at a discounted price. David Tweed had recently approached AWB shareholders back in November 2006, hoping to convince shareholders to let go of their stock at $1.50 when the ongoing market rate was around $2.71. This time, David Tweed has sent out a letter to Commonwealth Bank (CBA) shareholders in a bid to buy their shares at $35 per share. CBA shares were trading at around $48.75 when the offer was made - some 28 percent discount to the actual market price.

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