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?


Yes, you're correct and yes they will. Note that it will be considered as "sale" with gains being taxable income to you.

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  • Good way to save on commission too? – Mark Monforti Aug 1 '14 at 19:27
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    @MarkMonforti Actually, a commission for such a transaction may be higher than for a regular sale. – littleadv Aug 1 '14 at 19:28

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