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Mine have been within 60 days of close in the US. It’s all well handled if the acquirer has acquired businesses in the past. The worst thing I’ve seen is when
by rancar2 5y ago
Mine have been within 60 days of close in the US. It’s all well handled if the acquirer has acquired businesses in the past.
The worst thing I’ve seen is when the leadership team of majority shareholders colluded to water down the rest of the employee-level shareholders in anticipation of the acquisition. Everyone got paid out, but it wasn’t at the levels people expected based on their previous knowledge of their equity value.
This isn’t as bad, but another common tactic was the leaders shift personal value towards themselves with high earn-out packages in lieu of a lower price tag for the acquisition. This applies more to smaller acquisitions.
The reality of a non-voting shareholder is that you don’t have much say in how the deal is done. My word of advice is to make sure you work for ethical leaders that truly care for people. This will help ensure that their good judgement is applied outside of just their own family and personal financial interests.