Fri, Nov 28, 2014, 1:09 AM EST - U.S. Markets open in 8 hrs 21 mins

Recent

% | $
Quotes you view appear here for quick access.

OCZ Technology Group Inc Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • ashraf.eassa ashraf.eassa May 20, 2012 8:27 AM Flag

    What do stock holders do the day OCZ is bought?

     

    Stock immediately gaps up to ~$14.50 or so (a little margin of error is included in case the deal doesn't go through or something). Once the deal closes, your OCZ stock will not longer be in your account, and you'll have the cash deposited in your account.

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Is it best to sell on the gap up day to 14.50? Is the gap up sustainable over several days/weeks? When OCZ accepts the offer, how long does the stock continue to trade as OCZ? Does buy out news usually happen at close of market or before it opens? Are the OCZ shares automatically sold (therefore, creating a taxable event), or do you have the option of holding onto buying company's shares? More comments on how this works? Thanks.

      • 2 Replies to johnstocks99
      • google your question.........or go to investopedia or wikipedia.............google it.

      • Usually the offer is good for a specific time period and is subject to shareholder approval. If the offer appears solid and is likely to be completed the gap up will typically hold pretty close to the offer price since there is not much interest in shorting a stock with a known, solid event horizon. Once finalized, the shares with the original company name are normally called in by the holding brokerages and you get the cash in return - which IS a taxable event. Of course you can sell your shares before the buyout is completed if you like. Sometimes a buyout is for stock in the acquiring company instead of or along with cash which makes it a lot more complicated to figure taxes but I won't get into that.

 
OCZ
0.050.00(0.00%)Dec 26 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.