Unless extended, the previously-announced tender offer for the Series B 7% Convertible Preferred Stock of Mattersight will expire at 5 pm Chicago time on this Friday. Choose wisely. Is $8.60, plus unpaid dividends fair?
Only you can decide that.
But if you wait until year end 2012, you can turn it in for a full year's worth of 7% accrued but unpaid interest payments, and that's some nice cheddar in this choppy market. And it still converts, one for one, into common -- and the common has never paid a dividend.
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