Buyback Acceptance Ratio

[neha1101]

Buyback AR Clarification

Say, I own 100 shares of a stock which announces buyback. Say Entitlement Ratio is 5%. So min 5 shares if tendered will be accepted. If Acceptance Ratio is 30%, If I tender all 100 shares, 30 shares will be accepted. What if I tender 30 shares? Will all 30 be accepted? Or in other words, If I tender 50 shares, will 30 be accepted or 15?

There is a detailed post on the same topic. Hope it helps.