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I bought shares from ASPIRO ASP.ST at $1.05/share. Now, the company is going from public back to private in a couple of days!
What does this mean for me as a public shareholder? And what can I do, because I want to keep my shares? On Tuesday the stock went from $1.05 to $11 in a couple of hours (938% ... crazy) and then dropped again to $1.13...
From the press release
Based on Aspiro's closing share price of SEK 0.66 as of 29 January 2015, the Offer values each Aspiro share at SEK 1.05 and the total value of the Offer at approximately SEK 464 million.[3] The Offer represents a premium of.....
It seems you will get cash. I can't explain the pop to 11. You don't have any option to keep the shares.
