Can someone dumb down how takeovers go down for me please ?
Let's just say Africa Oil / Total / Chevron / whoever wanted to buy Swala and all the figures below are just for example only
Right now we are at 23c give or take.
If the TO party offered $1 per share to all existing shareholders, we would vote on it and then if accepted we get $1 per share or make 77%. Do we then lose those shares in accepting the $1 offer ? Or do we hang on to the shares and simply see our scrip value increase ?
Would we also get shares in the TO company ?
Any info welcome.
thanks
SWE Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held