You can tender your shares to an offer, then you wait to get your cash portion plus shares in another company.

If you decide to sell on the open market, you don,t get these other shares from the buying company.

In the event an offer is comprised of shares and cash, the sp will usually not go up to the full value. It starts to get tricky right around this time, because its still possible for another bidder to come in AND if the suitor does not get all the shares tendered to obtain the majority, the deal may not go through.

The simplist thing to do is wait til Lori adresses her shareholders with a public statement to accept the offer. If, in our case, we know or have good reason to beleive that the majority of shares will be voted for the offer. You will then have to make a decision to sit and wait for the full payout OR sell for less into the market. There are usually arbitrage traders there that will by shares to only make a penny off them, so there should be liquidity.

Another important thing to keep in mind; there may be spin off shares in a new company if the SLI entity is sold. If this happens and you sell before the exdividend date, you don,t get these spin out shares.

As you can see, things could get complicated at the time of a buyout. Thats why I say, people should not sell until they know what the whole scoop is. When/if a buyout comes, we will be discussing all the things I mentioned here in my post, and more.

I think its best if we leave that discussion til the time comes, because everyone will probably forget it by then.