Post by
Anthony13 on Jun 15, 2023 9:59am
When Buyout happens
If someone could explain why the stock will still trade after the buyout is announced.... can't a buyout occur Whatever the dollar amount is and that's that's. Why will the stock continue to trade after the announcement. Any input and explanation would be greatly appreciated..
Comment by
Lambosntendies on Jun 15, 2023 10:03am
What will most likely happen is that there will be a PR stating a proposed buyout. LME will announce that they are holding a special meeting at some point in the future for shareholders to vote and to approve the buyout. During this time the stock will trade as normal but the price will likely increase to somewhere alightly under the proposed buyout amount.
Comment by
Not2smart on Jun 15, 2023 11:57am
Usually takes a couple of months to close. Not sure laws and rules behind but i think once deal is signed. It’s done deal can someone else add
Comment by
matlas on Jun 15, 2023 1:47pm
If you have read what I posted above, I think you would conclude that in this scenario, where it would be a "friendly" takeover, with major shareholders in control, likely would proceed via "Plan of Arrangement", since getting the 2/3 votes should be no problem. Looks like could be completed in about 2 months.
Comment by
Wmaver on Jun 15, 2023 12:41pm
also the last few mine accoustions have been processed and closed within a few months. All cash might make things faster. but yeah expect a least 1-2 months from announcment to cash in the bank!