LUCKY FORTUNE

For the first time in my life, I held stock in a company when it was announced that company would be acquired by another company. This has never happened to me before, so I had no idea what was involved or what I should do as an investor.

I discovered that the deal would be a cash-only one and the stock price for said company logically shot up immediately but was still lower than the stated purchase price for each share. As such, I could hold onto the shares as theoretically I would get more if and when the deal completes. The “if and when” is something to think about because not all announced deals get completed because they are subject to government oversight potentially. Even if the deal goes through, I could be waiting for months for it to be done.

Unfortunately, I won’t be retiring because of this. At best, it’ll pay for my new couch but if you’ve seen couch prices recently, you’ll know this isn’t small change either. I ain’t complaining about a free couch.

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