I was wondering if you might be able to help me please?
I bought shares for a company called FEI Company in 2014 at $74USD per share and have held it since then. Today there was an announcement that the company will be sold at $107.50USD per share.
I am happy with this and don't mind selling the shares at this price, which they are now trading at after jumping 14% since yesterday. Just for education purposes, what actually happens if I don't sell? Will the shares be automatically sold once the acquisition takes place? What if I never want to sell the shares? Will they be converted into the buying company shares?
Any input will be valuable. Many thanks in advance.