Laurion Mineral Exploration Inc V.LME

When Buyout happens

[Anthony13]

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..

[Lambosntendies]

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.

[Wmaver]

if you look at the last 3 or 4 buyouts that happened.  It is the standard Practice. A buyout has to be annoucned, and then voted on by the Shareholders.  so there will always be a time delay between when a buyout is annoucned and when the vote can happen. it is true the "vote" is a rubber stamp as over 50% of the shares are held by people and their imideate family sitting at

[matlas]

Understand that it is not just a matter of having a vote at a shareholder meeting.  Generally,  shareholders willindividually have a certain period during which they have to tender their shares. If less than 90% are tendered, there may be other procedures. if more than 90%, they can "squeeze out" the remainder. There are other methods via what is called a "plan of

[Not2smart]

Sometimes the company will issue PR haulting stock  pending material change news prior to open  The Stock will be will then be  haulted for while.    Then PR release will follow same day  announcing BO  The share price should jump close to what BO is then next step to announce special shareholder meeting to vote  51 percent for acceptance  Then another

[CharlieBaba13]

Another question....a buyout of $5/share is announced and trading is halted.   The announced buyout now goes to the shareholders to be voted on.  Trading has now resumed.   ....per your example, stock price may jump to $4.75/share. ...some LME longs may sell at this point as it's "close enough" to the buyout price of $5. I understand up to this point, here's my

[Not2smart]

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 

[Wmaver]

Yeah the details will be in the annoucnemt.  i have seen in the past wording like ireevocalbly commited to purchasing and such.  i know i will be selling just enough to pay off the russian money lenders i borrowed from to invest here first.   smidge more for some luxurys i have been waiting for.  and will wait out the rest for the final close. if you believe that LME

[matlas]

As indicated, not as simple as having a board meeting and 51%. Individual shareholders have to tender their shares putrsuant to takeover bid, unless done via Plan of Arrangement. Here are some comments from major Bay Street law firm: "There is a 50% minimum tender requirement for all formal bids. The bid is open for a minimum of 105 days, subject to the target board’s ability to shorten

[matlas]

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.

[Wmaver]

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!