RE:RE:RE:Must I Sell My SharesFWIW:
I have held stock in several companies that were taken over but never tendered my shares on the off chance that another, better offer might materialize. That said, I think that until the final date for tendering your shares, you can revoke your authorization, so that is really not the risk I thought it was...
In any event, each time, I received the buyout/merger price in either shares or cash without.having tendered. It may be that I was paid after those who tendered, but I was paid the offering price nonetheless.
https://finance.zacks.com/happens-dont-tender-shares-10043.html