Post by
newbie8484 on Sep 14, 2022 9:08pm
How buyout works?
Sorry if this has been asked before, I was just curious should (hopefully when) a buy out is completed, what happens to the shares owned? Do the stock price just go up? Or do you actually receive a cash payout, and you no longer hold those shares?
Thanks!
Comment by
DAM$ on Sep 14, 2022 9:36pm
They'll announce that they have been offered $20 per share for all outstanding shares and the price will instantly jump to $19.95 to $20. You can sell immediately for that price or hold and hope someone else comes in with a higher bid. If you hold you just wait for the sale date and your shares disappear and you have a lot of cash in your account.