RE: How does a buyout work?30 Oct 2019 21:46
If an offer is presented to the BOD, they will then RNS that offer to the market, informing shareholders. They can promote acceptance or suggest rejection. It will have to be voted on anyway. Normally, the SP gravitates to the offer price, less a proportion, for tolerance, so say 90% of it or so... normally holding around there until the offer is accepted or rejected. The shares will still be traded, they won't normally be suspended... If finally accepted, then the final stage, is that the shares will disappear from your account, to be replaced with the cash amount you are entitled to... hopefully more than you paid!! :)