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user19400
user19400
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Scientific gaming is to acquire bally and will will pay $83.30 in cash per Bally common share. The shares are currently trading at around $78 from previous days close of around $60. I am not in immediate need of money, so I am just holding on to themy Bally shares and not selling them yet. Am I correct in assuming that if I don't sell my shares, I will be paid $83.3 when the deal is closed. If so will the shares be automatically encashed?

Scientific gaming is to acquire bally and will will pay $83.30 in cash per Bally common share. The shares are currently trading at around $78 from previous days close of around $60. I am not in immediate need of money, so I am just holding on to the shares and not selling them yet. Am I correct in assuming that if I don't sell my shares, I will be paid $83.3 when the deal is closed. If so will the shares be automatically encashed?

Scientific gaming is to acquire bally and will will pay $83.30 in cash per Bally common share. The shares are currently trading at around $78 from previous days close of around $60. I am not in immediate need of money, so I am just holding on to my Bally shares and not selling them yet. Am I correct in assuming that if I don't sell my shares, I will be paid $83.3 when the deal is closed. If so will the shares be automatically encashed?

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user19400
user19400
  • 21
  • 4

What happens if I don't sell my share when my company is acquired

Scientific gaming is to acquire bally and will will pay $83.30 in cash per Bally common share. The shares are currently trading at around $78 from previous days close of around $60. I am not in immediate need of money, so I am just holding on to the shares and not selling them yet. Am I correct in assuming that if I don't sell my shares, I will be paid $83.3 when the deal is closed. If so will the shares be automatically encashed?