Actually, you'll get paid within days after tendering, depending on your broker. And no, you won't have to wait until Sept - they'll do another tender before then.
The writeup says the deal is slated to close 9/30/2014.
The tender at $65 was extended to March 19th. So if you tender shares, you get paid right now (a couple days after march 19th,) but if you don't, you hold till 9/30/2014 to get the same $65. Is that correct?
I've been in stocks for twenty years, not savvy enough to buy a G650, but successful - jetprop successful. The gamesmanship by the Joe Board was amazing - the best I have ever seen. They got every dollar. They wrote the book on stockholder friendly. Well done!
Update: MW just extended their tender offer, and changed the price to $65, so it looks like you can actually tender now. FYI.
You won't be able to get $65 until it closes. The arbs will keep it slightly lower until then. You can take a little less and get your money now, or wait for the tender and get full price. Up to you.
It's not going higher.
well now that the offer is $65 they are not worth anything. If the deal had been done for $67 or $68+ then yes they would have been worth something but not now.
so, this means, that we can sell this now at $65 right..No way this would go above $65/.///
Any reason for this to go above $65 (adssuming no other bidder)
They will fall to zero. Since the bid came in at $65 and your option is at $65 it is a wash and no one will want to pay the premium. I had some march $65 and those are worthless now. Until next time.
Not a chance. That only happens when there's a real chance/interest from other parties, where someone might come in and make a higher offer. In this case, both companies have agreed to a price, and there aren't any other companies that appear to want to get in. If there were, said company would have surfaced already. The deal is done. Enjoy it, and stop letting your mind get ahead of itself. :)
nice call guys. I wonder where the stock goes now? I know the offer is $65 but a lot of times the stock will go above and beyond the purchase price ($65). I can see it going to $67 and hoovering.
Sentiment: Strong Buy
help a newbie out: what can I expect to happen with my July19 65$ call options? ive never experienced this scenario before. thanks in advance
Announcement released, now official.
Besides my gains, what do I win for calling the price to the penny?