I've found this comment about Canada Bread on stockchase.com, "90% owned by Maple Leaf Foods who may buy out 10% minority shareholder."
What would happen to my shares in the case of the buyout? I really like this company but I'm not clear on what the implications of the potential buyout are.
You'd sell your shares, likely at a small premium. You knew (or ought to have known) that going in, as a minority shareholder.
You would usually have two options.
After such a deal is announced or approved, stock usually trades very close the final settlement value.
You could then sell your shares at market price.
Or, you could wait to receive the settlement, either cash or stock or both (depending on what the terms of the deal are).
FWIW, the rumour that Maple Leaf Foods may buy out the minority shareholders in Canada Bread (CBY) has been around for a long time. I owned CBY from 2005 to 2008 and this possibility was mentioned in just about every analyst report that I read.
no interest
Last edited by daddybigbucks; 2012-08-20 at 07:56 PM. Reason: in poor taste joke
Seemed like a good idea at the time...
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