Having signed the forms to sell Scottish Power shares due to the proposed takeover. I see that the price is now a lot higher than the stated price on the sale. My question is; can I still sell the shares on the open market before the takeover goes through, allegedly in May.
2007-04-08 21:47:38 · 2 answers · asked by Anonymous in Business & Finance ➔ Small Business
hav u committed yuorself to sell them or is there a get out clause . i would go to cab u know citizen advice good luck
2007-04-11 06:12:45 · answer #1 · answered by mini digger driver 6 · 0⤊ 0⤋
Normally in these cases your choices are spelt out in the document.
Typically they are :-
1) Agree to sell your shares at the price offered
2) Hang onto your shares (and hope the price goes up and not down)
If you choose (1) then (normally) you have committed to selling your shares at that price on the due date.
If you sell them at some other price before the due date, you will have to buy them back in order to deliver them when they become due (which is only OK if the price is lower then :-) )
They usually include wording like 'if in doubt consult your legal representative'
2007-04-11 20:43:06 · answer #2 · answered by Steve B 7 · 0⤊ 0⤋