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Company has been bought over. What happens now?

Mezcita · 2014-10-15 14:38:42

Some advice here would be appreciated. Years ago, myself and a few buddies bought shares in a bluetooth company called CSR. The company's board has just approved a takeover bid from Qualcomm. http://gadgets.ndtv.com/mobiles/news/qualcomm-buys-british-chipmaker-csr-in-25-billion-deal-607276 Can anyone tell me what happens…

15-10-2014 2:38pm

#1

Mezcita

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Join Date: January 2005

Posts: 2286

Some advice here would be appreciated.

Years ago, myself and a few buddies bought shares in a bluetooth company called CSR. The company's board has just approved a takeover bid from Qualcomm.

http://gadgets.ndtv.com/mobiles/news/qualcomm-buys-british-chipmaker-csr-in-25-billion-deal-607276

Can anyone tell me what happens to our shares? As in, would our shares just get sold at the approved buy out price? Or would we now get shares in Qualcomm?

Thanks!

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Comments

#2 15-10-2014 3:27pm

hmmm

Registered Users, Registered Users 2 Posts: 11,205 ✭✭✭✭

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Posts: 11072

I've just read a news report that says it's an "all cash" bid, so in that case your shares would be bought for cash at about 900p a share. The deal isn't guaranteed yet however.

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