Originally Posted by
Reversethrustset
Question for those in the know. I bought Flybe shares a while ago. If IAG buy Flybe what will happen to Flybe shares?
You will receive communication from Flybe that a company has offered X for shares and the directors have recommend the offer is accepted. You will be provided with a low cost option to sell shares on.
BUT if you decide to hold onto them then once the buyers own
90% of the shares they will just cancel your shares and send you a cheque to the value of the shares you hold................. this will be at OFFER price. They cannot buy them for more or less than the OFFER price made to the other shareholders. This may seem a bit strange BUT this is to prevent a situation where someone with 10% of the shares gets a better price than someone with 10 shares.