Post by
tasman99 on Sep 01, 2000 2:29pm
I too am curious as to what happens to my Rpp
shares now.
Do they become new shares in the takeover company?
I thought RPP had signed something to the effect that they would pay a hefty fine if they accepted another offer. This would erase any thought of a better "white knight" offer.
Basically I wonder if I should be selling or holding for awhile.
Comments TIA
Comment by
wooduck on Sep 01, 2000 3:22pm
IMO - you receive .20 /share cash.
if yousell now you may get .20 minus fees
Comment by
readgirl on Sep 01, 2000 4:51pm
I think you are right. My shares are at Investor's Edge, so I assume that when the deal goes through, the shares come out of the account, and the cash goes in--no commission. I can understand why people would buy at .195, because if you can buy enough, you will definitely make a profit. But why are there buyers at .20, and stranger still, .205?