If you participated in the employee stock purchase plan, what happens to those shares if the buyout goes through?
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Hopefully voting on the sale and exec parachutes are separate votes and shareholders vote a resounding NO on parachutes. That happened a few years ago regarding bonuses but the board granted them anyway.
Shareholders received notice of Staples Special meeting on September 6th. Voting on acceptance of
sale.....Golden parachute compensation for executive officers.
Oh trust me, it'll all go through as planned. They always get away with it. Sad.
The shareholders would have to vote in favor of the deal. They're aiming to close the deal before the end of the year.
The stock will be sold for $10.25 per share, the money will be deposited into your account.
Hence the many ongoing legal investigations of Staples for possibly undervaluing their assets and short-changing their shareholders. As with everything this company does, it only seems to benefit a select few.
They get paid out at whatever the agreed pps was for the deal