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Rejecting a tender offer means you'd likely wind up with nothing:Are we obliged to sell?
Are we obliged to sell?
If approved by the shareholder your stock is purchased at $420. Saudi’s purchased $2B recently.
Tesla gets $2 billion backing from Saudi Arabian sovereign wealth fund
Quite a interesting buy from the world's largest oil producer!
Rejecting a tender offer means you'd likely wind up with nothing:
If I reject the tender offer for acquisition of the stock that I own in a company and the company goes private, what happens to my stock?
If 50%+1 of the shares vote to sell, you are obligated to sell at the price voted on. Most brokerages will do this automatically on the closing date and deposit the funds into your account.
Over 61% of the shares are owned by institutional investors; my guess is that most of them would agree to a quick 16% gain on current prices. If you add that to the roughly 26% of shares that Elon Musk owns, there are a lot of interested parties in this sale. If this comes to a vote I'm guessing it passes.
I don't agree with the second part. The top institutional investors understand Tesla's value. They are not the type of traders who look for quick 16% gain. They are looking for 1000~2000% gain from today's level. Elon already said he will retain his shares in either case.
Answered in another thread alreayd, but yes once the sale is confirmed the option will lose all time value and is just real value i.e. 20.What happens to options with an expiration after the date of sale? Is a Jan 2020 400 call only going to be worth $20?
What happens to options with an expiration after the date of sale? Is a Jan 2020 400 call only going to be worth $20?