I believe it varies case by case. I had two similiar cases: The first I recieved shares of Co. B as well as cash. (0.257? shares of Co. B for every share I held of Co. A plus approx. $12. a share) So I ended up with about a third of Co. B's shares as I had held of Co. A plus XX hundred dollars in cash. The second I believe I received an equal number of shares in the purchasing co. as I had held. It is all a matter of the agreement that the 2 co's make when deciding the specifics of the acquisition.
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