I am somewhat new to stock trading. What happens when one company buys another? Do our shares get automatically sold? or do we automatically get shares of Hess after the purchase? Can we expect the stock price to stay where it is since Hess has set a per share price?
Ola, I could be completely incorrect about this but i understood that it was basically a done deal, tht OIL accepted the $45 per share and that it was only a matter of time until OIL is absorbed into the Hess Co. I was thrilled to sell at $44.50 in case the Hess Co backed out removing their offer and have the stock end up @ $30 again. I've made so many mistakes of not selling when I should have, I wasn't going to miss this opportunity.
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