Quote:
Originally Posted by Hammock Parties
$150 within a month.
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FWIW when Cabela’s got bought out by Bass Pro my stock got a set price. It was a good price but it was set a long time before it was actually executed.
I don’t know how it works with a company that is publicly traded that’s doing the acquisition, but in any acquisition, you are literally buying the stock.
Like if I were to acquire you, your Hammock Shares wouldn’t just be renamed Buehler445 shares, Buehler445 gives Hammock shareholders cash for Hammock stock to go away. I think technically the shares transform into the physical assets on the balancesheet, and probably a shitload of market gain, goodwill and other accounting ****ery, but the bottom line is Hammock shares aren’t around anymore.
The important thing is that buying out the shares is the major function of the transaction. Therefore it is negotiated, most likely, early in the process. I’m sure there are bunch of different considerations, tools, treatments and all that accounting shit they can do, but the bottom line is they’ve already negotiated the selling price of the shares.
Now, when Cabela’s got taken over the buyout price for the shares was to some manner of degree (I don’t remember how much) higher than the trading price. But it also didn’t sustain a massive run up because STONKS.
Honestly, if it were me and you have a tidy profit in them I’d sell them. At least part of them. But you might be rewarded for holding. Who knows. But you’re carrying some risk.