wondering if someone could help me understand what my position is a bit better.
I understand that Summit resources has agreed with PDN for the take over.
I have purchased some Summit shares since the agreement (basically as I forgot to remove it from my outstanding list)
I am wondering if I am :
a) allowed to sell these shares to PDN at their new offer price
b) still hold on to them, and if I do, what happens to them after April 27th when PDN has closed their offer period
and what normally happens to people who still hold shares of a company which has been taken over but have not sold it to the new company?