2007-07-05 13:48:38 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
You get your share of the purchase price. If it is a cash deal, you sold your stock, even if you didn't want to, and you get the money just like any other sale. With Avaya, that looks like 17.50 per share. With a stock deal, your shares get replaced with the shares of the other company. You can do nothing and keep them or sell them for cash on the market.
2007-07-05 14:10:16 · answer #1 · answered by Ted 7 · 0⤊ 0⤋
In the case of Avaya, the company has agreed to accept $17.50 per share from a group of two private equity buyers. The transaction is reportedly expected to be finalized in the "Fall of 2007". Until then you have the opportunity to sell your shares in the open market.
For fifty (50) days from June 4th, the company can solicit better offers.
If and when the transaction "closes" your stock will be exchangeable for $17.50, unless a better deal is made.
2007-07-05 14:54:24 · answer #2 · answered by berrypatch26 1 · 0⤊ 0⤋
Dad was given new "shares" in place of Agere or Avaya stock. If I read things correctly, he was given shares valued by an exchange rate that was settled.
Often times when a company gets bought out(m&a), the value your shares move up even before the sale is finalized. It just depends on the situation.
2007-07-05 14:17:21 · answer #3 · answered by john d 2 · 0⤊ 0⤋