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What happens if I don't want to sell my shares? I don't understand how that works.
by Loughla 2y ago
What happens if I don't want to sell my shares? I don't understand how that works.
- dghlsakjg 2y agoA vote by the majority of the shareholders will determine what happens. If you don’t want to sell your shares, prepare to convince a majority of the shareholders otherwise. This will be very hard since 45% of the company is owned by the people making the buyout offer.
- Horffupolde 2y agoThere are drag along clauses or forced buyout clauses of public shares.
- incognition 2y agoYou’re a common shareholder
- adeelk93 2y agoYou never know on HN. Perhaps their last name is Nordstrom.
- mmh0000 2y agoYou should probably know these things before choosing to invest in the stock market. The TL;DR of it is that your shares will be sold for you, and money will be deposited into your account. As a "common" shareholder, you don't get a choice in the matter (I mean, you can "vote", but common share votes aren't worth the email they're printed on).
- Loughla 2y agoThis is one of many reasons I do not invest directly in stocks. I have enough b.s. to think about in my day to day life. Index funds for the win, I guess.