This post was published on ZYX Buy Change Alert.
JOE has made a tender offer at $18.00 per share for 16.6 million shares out of 91.9 million shares outstanding.
This is a low-ball offer. If it was not for volatile overall market conditions, we would have recommended against tendering. However, in view of the overall volatility of the markets you may want to consider tendering all of your shares.
The plan is to buy back again hopefully at lower prices.
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