RE:RE:When Buyout happens 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 question.....
After the shareholders vote yes to the $5/share, how long does the deal take to close? Does it close the same day the "yes" is voted or does it take 3months, 6months, 12months to close?
should I be greedy and hold out for the extra $0.25 as it's automatic that the $5.00 is coming, or is there a risk that the announced deal could fall through even though it was voted yes?
I don't know the laws or rules in regards to a buyout so im curious as to whether the transaction happens immediately after the voted yes, or if it takes months for the sale to finalize. If it takes months, there's a lot of risk that the deal could fall through ...I'd be taking the $4.75 per and running. ...straight to the t-shirt place where I'm getting a Matlas Koolaid tshirt made (I'm thinking red koolaid guy with a good tooth and chain)