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It can be done in a number of ways.
But in Twitter’s case, it appears to require Board approval (done), then I believe majority of shareholder approval, and regulator approval, then the shares are bought out at the $54.20.
Yes, at that point the shareholders have no choice, they get the money for the stock.
The company still exists, but it’s not regulated as a public company any longer because there’s no longer any publicly held stock.
Last edited by McLovin; 04-26-2022 at 02:31 PM..
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