RIO 2.53% $116.81 rio tinto limited

This share buy back tender is confusing me somewhat. It looks...

  1. 496 Posts.
    This share buy back tender is confusing me somewhat. It looks like only the tenders with the highest discount will be purchased back. I'm not sure why anyone would sell their shares for 12-14% discount to the market?
    I can not help but think I am missing something here........help?
 
watchlist Created with Sketch. Add RIO (ASX) to my watchlist
(20min delay)
Last
$116.81
Change
-3.030(2.53%)
Mkt cap ! $43.36B
Open High Low Value Volume
$118.00 $119.01 $116.70 $199.0M 1.698M

Buyers (Bids)

No. Vol. Price($)
14 7256 $116.80
 

Sellers (Offers)

Price($) Vol. No.
$116.99 111 1
View Market Depth
Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
RIO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.