How to Stop a Cash-Out Merger from Cancelling Your Shares
JD Supra: Mergers
NOVEMBER 6, 2023
And although the other existing shareholders will have their shares exchanged for shares of the new corporation, your shares will be cancelled and exchanged for cash. The corporation of which you are a shareholder just sent you notice that it plans to merge with another corporation. Once the merger closes, you are out.
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