Company offers to buy up to 6.5 million shares of its stock. Tucows, which owns the world’s third largest domain name registrar, announced a Dutch auction tender offer to repurchase up to 6,500,000 shares of its common stock.
Shares of domain name companies hardly budge. In the grand scheme of things the introduction of new TLDs is trivial. But to domain name companies it’s a big deal. Apparently investors in some of the companies that may be affected either don’t understand it or had already priced approval into the stock prices