Takeover question - please help

[viciam]

Hi,

If I buy shares in a company listed on the NYSE which is 65% owned by another company and eventually the other company decides to buy 100% of the listed company, what happens to my shares/investment?

Thanks

 

[skc]

Hi,

If I buy shares in a company listed on the NYSE which is 65% owned by another company and eventually the other company decides to buy 100% of the listed company, what happens to my shares/investment?

Thanks

Every takeover is different. The acquirer may use cash, script (e.g. The buyer offers 6 of its own share for every 10 shares you hold), or a combination of cash and script.

If the takeover does come then you will be informed by the company of the consideration and the timing etc.

 

[viciam]

Every takeover is different. The acquirer may use cash, script (e.g. The buyer offers 6 of its own share for every 10 shares you hold), or a combination of cash and script.

If the takeover does come then you will be informed by the company of the consideration and the timing etc.

So will my shares be wiped out? and will I lose my investment?

 

[burglar]

So will my shares be wiped out? and will I lose my investment?

You will get CASH or SHARES in return for your shares.

There are several ways to go about this.
You can sell your shares on market.

You can wait for the mailman.
After you see what is on offer, you can still sell on market.

Or you can accept the offer!!

You will get some time (probably weeks) to make up your mind!

 

[viciam]

You will get CASH or SHARES in return for your shares.

There are several ways to go about this.
You can sell your shares on market.

You can wait for the mailman.
After you see what is on offer, you can still sell on market.

Or you can accept the offer!!

You will get some time (probably weeks) to make up your mind!

Ah ok, so as a shareholder I would be safe from any takeovers

Thanks

 

[skc]

Ah ok, so as a shareholder I would be safe from any takeovers

Thanks

Takeover is nothing more than someone buying the company from existing holders... usually at a higher price than recent market price. It is usually the least of a shareholder's worry.

 

[Gringotts Bank]

Ah ok, so as a shareholder I would be safe from any takeovers

Thanks

Gina, is that you?