I bought shares in Banesto bank for 2.95 Euros on Friday. Today there is an announcement in the news that Santander will be buying out Banesto and will offer the equivalent of 3.73 euros a share to shareholders of Banesto.
So what happens next? This is the first time I'm coming across something like this.
Will Banesto be removed from the stock exchange?
Will I receive a check or will the broker I bought the shares through get in touch with me?