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Tuesday, 07/06/2021 12:07:36 AM

Tuesday, July 06, 2021 12:07:36 AM

Post# of 118407
OK---Back to the FWIW Dept[/


When a company is bought out by an individual or another company, the purchaser will usually take possession of all of the common or voting stock of that company. The buyer can offer cash or the stock of its own company in exchange for the target company’s stock. As preferred shares are generally not voting shares, it is not necessary that the purchaser redeem or buy them out when taking over a company. The buyer has the same options as the original owner in dealing with the preferred shares.