Question On Stock Price After Private Equity Buyout
Life Time Fitness (LTM) has agreed to be purchased by private equity firms TPG and Leonard Green & Partners L.P., in one of the largest U.S. leveraged buyouts so far this year. The agreed price is $72.10 in cash.
This morning I checked the price and see that the share price is up 5% to 70.65, but since then has been moving up and down a few cents.
I'd like to get the full $72.10 for my shares, but my question is, do I have to wait until the deal actually goes through and get my money then - or will the shares reach 72.10 before that point?
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