after the last day of trading when take over is finished. Does my broker automactically hand my share out at the take over price? Any experts out there?
Don't count yer chics before their hatched, especially since the eggs are infertile.
You'll have to read the final approved merger doc to determine your options. One option is a local escrow/trsut company will probably be assigned to accept shares and pay shareholders the final value per share. Probably best to sell before as you won't earn any interest by waiting to redeem.Company will probably designate a company to facilitate the process.
Your broker will probably ask you whether you wish to accept the offer or not. JDC