Was only a matter of time. ClearLake offering at $71.00 per share to take BLKB private
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It depends on the final terms of the deal, but normally they vest.
What happens to rank and file staff’s un-vested shares when the company goes private? Do they immediately vest and cash out, or do they disappear like Monopoly money?
Mike’s email to the org made me furious. What a bunch on horsesh-t. Our hard work… give me a break. He is just looking to turn his golden parachute platinum.
For sure I would guess negotiation going on.
Looks like the 2 quarter RIF was for sure to lean out in anticipation.
I feel bad for all those who were reduced for a corporate takeover.
And let's not forget that even though the board has that poison pill ClearLake has enough cash to buy even with that pill if they want.
I wonder if they are simply negotiating