I bought vmw shares some time around oct 26th at close to $150. What happens to my shares tomorrow after the merger is complete ? I did not receive any option to convert to broadcom shares.
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Post from TheLayoff.com
It means you're getting $142.50 a share. It doesn't matter how much you paid for them, that's all you're getting. Sorry but if you paid more than that, you're taking a loss.
Better to get advice from a financial advisor. It's irrelevant that you are a VMW employee.
You will get $142.50 deposited into your account for each VMW share you own since you didn't elect stock conversion. Unfortunately, given your cost basis of $150 it'll be a loss for you. Sorry about that.
What happens to the vmw shares bought publicly after oct 23 ?
They have a value of 142.50, nothing more.
Sorry what does cash buyout mean ? Excuse me for my ignorance.
That was the opposite of smart. Half the shares will likely be converted to AVGO at about .242 AVGO to VMW and the rest will be cashed at $142.xx per the acquisition agreement… If you paid more than the target vmw price… why… just why.
$142.50 cash buyout
It sounds you are in bucket that did not make election. You will most likely get 142.50.
Cheers!