There is recent news on Mphasis where Blackstone has decided to buy additional 26% stake. Ironically untill few days back it wanted to sell its own approx 56% stake in Mphasis. They could not succeed and now a U - turn (Precisely why I usually take PE backed firms with a pinch of salt and wary for any long term investments in them).
The additional 26% stake will induce an open offer and the price of open offer seems to be at around 5% discount to current price.
I am not expert in buybacks etc. as I never buy shares for such cases. If anyone can throw some light that will eventually Blackstone end up doing buyback at discount to current price?
Disc: Invested for long term. If possible would not want to tender share in buyback.