OT: if I own shares and the company is being taken over...

[pqrst]

..... by another company. How do I find out if I am going to get bought out or getting shares in the company buying.

[Bo]

The only time this happened to me was when Disney bought Pixar. My Pixar stock became Disney stock at some specified transaction rate. Don't know if this is always the case though.

[Onamuji]

I could tell in about a minute or two by going to Yahoo finance or Google Finance and reading the news about that company.

(Just happened to one of my stocks this week: A company made a bid a couple of years ago and the board approved it... Not a word from them on the subject since the annual report last year and then yesterday they announced that the boards of both companies had voted and the stock-conversion would take place next week! I wouldn't have known anything about it had I not seen an article linked on the page when I checked the stock price.)

[Buzz]

ask somebody that actually knows the details of the transaction?
maybe there's an option whereby you can decide which side of the fence you're on?
or maybe your destiny is preordained in the deal memo?
Carnac the Magnificent?
==

[pqrst]

Thanks for feedback. The online news sources simply says the company is being bought. Nothing about what shareholders can expect. My only other experience was two years and I got cash not stock in buying company. I suppose I can contact the company and ask. Needless to say, I did not own many shares. Should have bought more. Darn 20/20 hindsight.

[hal]

Onamuji wrote:
I could tell in about a minute or two by going to Yahoo finance or Google Finance and reading the news about that company.)

Yeah, what that guy said - it's almost always covered in articles about the transaction assuming that it's is actually completed.

[Onamuji]

pqrst wrote:
Thanks for feedback. The online news sources simply says the company is being bought. Nothing about what shareholders can expect.

Browse through the timeline.

If an offer was made, the initial stories describing that fact should have the details of that offer, but might not yet describe how that would affect the shareholders.
Example: http://money.cnn.com/2004/02/11/news/com...st_disney/

If the companies are still negotiating then you just have to have patience. (Tho an announcement that a company "is being bought" should describe the tender, even if it's just an early offer.)

If the acquisition has been approved by shareholders and finalized by the boards of both companies, the announcement of that should be pretty detailed. Example:
http://money.cnn.com/2006/01/24/news/com...ixar_deal/

[Don C]

I have on my desk a proxy vote to approve a buyout of a company my investment adviser bought in my account. I've had it happen before. In those cases, I received some number of shares of the final company plus some cash; in once case I received only cash (resulting in a loss for that stock).

[GGD]

Are these both publicly traded companies? Does either of the two companies involved have a website with an Investor Relations section? Details should be there.