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What is going to happen to people's stock vests? There is no public company any more. Can they just hold the stock or do they get a cash value?
by sour-taste 4y ago
What is going to happen to people's stock vests? There is no public company any more. Can they just hold the stock or do they get a cash value?
- code_runner 4y agoI believe the stock still exists (still has an active ticker/cusip) but trade volume is at 0. At some point it will be delisted and shareholders will just get cash. I assume grant vesting is still meaningful until that point.
- HWR_14 4y agoThey get a cash value at the same $54.20/share as current holders get. They may be allowed to instead vest shares, but that would be a new agreement. The merger document converts it to cash.