one of two things happen 1) you will be offered shares at equal value in conmed 2) you will be forced to sell at 27 cents most people simply sell at 26-27 cents (buyout price) and then if they want to buy company that purchased them they will do it on seperate transaction BECAUSE there is always the possibilty that the shareholders of conmed will NOT like the deal and the shares of that compnay could go down not sure if option #1 is available...if were you i would sell at 26-27 cents...and then decide what to do next on your own