Re: IRL Tender Price Set
Since there's been no correction put out by IRL I am willing to speculate on a surprise development. I think some of the activists who tendered their shares & found out the poor anticipated acceptance ratio decided to pull their tender to let the actual acceptance hit that +88% ratio. I think that development bodes well for the future of IRL as that may make the manager somewhat amenable to the activists participation in running the vehicle. That should be good for its future. At least that's my SWAG on the matter.