jhm
Well-Known Member
Yeah, this sounds like a cash only deal. That would have very different behavior because the lack of optionality. It is the optionality of the Tesla transaction that makes it possible for the price to go well above the cash out level.well they bought back the shares, delisted, and then went private
Dell Completes Go-Private Transaction
but i’m not sure any common stock holders were able to gain access to dell private shares!!
so maybe not the best comparison. i really wonder how they are going to do this, they basically have to segregate eligible holders who will be taking the private share option. once those are accounted for, the rest should be straightforward
I suppose there could be a process where after trading ends on redeems the common share as either cash or private share. Along with that process they would need to get information on shareholders going private. If they do this totally after the stock has been delisted, then there would be no question about whether a broker would need cash or private share. The broker would need to have common shares for every shareholder. This would also require brokers to recall all shares by the end of trading.