David Tweed's Australian Share Purchasing Corporation strikes again with low-ball offer 5 June 2008 - Share market predator David Tweed is asking Incitec Pivot shareholders for an early birthday present: to sell him their shares at half their market value.

Mr Tweed, who will celebrate his 44th birthday on June 27, has written to Incitec shareholders to offer them $100 apiece for their stock, which closed yesterday at $189.

The offer comes from Australian Share Purchasing Corporation Pty Ltd, one of many companies Mr Tweed has used to relieve investors of millions through his lowball offers.

Under the corporations law, Incitec cannot tell shareholders to reject the offer as that would constitute the provision of investment advice.

Company secretary Kerry Gleeson instead said shareholders should not accept the offer without seeking independent financial advice.

Source: Tweed offers Incitec Pivot shareholders half-price deal (The Australian)

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