RE:What Happens?Its been said before but will say it again.... because i LOVE dreaming about that day!
The USA LMEFF and Can LME are the same pool of shares. So they will be handled the same way with respect to different Conversions. Lets hope the buyout is in USD!
There will be the Glorious day when the Stock either Halts for the annoucnement. Or the PR is annoucned AFTER trading hours ( no halt)
and that will lay out the Buyout price, the last day to own shares, and the date of the payout. Usually within the same quarter or a few months.
On that day ( or the next) when trading resumes the Stock price will jump to 90-95% of buyout value. If Buyout is 100$ then would go up to like 90ish. Those who are happy not to have to wait and accept 90 will sell. Those who want to buy for a gaunreteed 10% return in a few months will buy in.
then when the closing day hits, any shares left are auto converted to cash! Assuing an all cash deal goes thorugh as they say they want!