If it's approved then hen it closes you will just get $20 bucks per share. You will wake up and have no more shares of the company but will have the cash value of your shares at the buyout price.
Hey Burr...if/when there is an offer presented typically the offer price will be reflected immediately to the current share price. You can sell before the deal is done if you'd like. However, there could be a counteroffer or even multiple bidders which could correlate to an even higher share price. Of course there is a potential risk that the boards counter may not be accepted and the share price could suffer a bit.your shares are open to sell until a deal is finalized and a date set for the signing of the purchase. Hope this answers your question!
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