Lode,
"I am one of those who did NOT sell, so
now what happens? Will my shares be automatically sold or what ??? Will they convert over as Astellas shares ?? I would like to know what will happen to my OCAT shares now?? Thanks in advance for the info. :("
According to the SEC filings of this AM, OCATA has already been merged with Laurel (the sub company that Astellas created solely to be the "merger" company for this Tender deal). Thus, OCATA shares technically do not even exist anymore as of this AM, and OCATA is no longer a public traded company and thus has no more public traded shares in existence.
Effectively, Astellas has put an IOU out for all remaining OCATA shares, for $8.50 each, which they now promise to pay.
You will receive notice soon from your brokerage I'm sure. There's differing opinions as to how long it takes- anywhere from maybe 1 week to maybe 30 days is the general consensus. You'll simply look in your account one day and see $8.50 cash for each share of OCATA that you owned. You'll then have to consult your tax person (or yourself or brokerage) and determine if that's a capital gain or capital loss for you in this tax year of 2016, for filing purposes next year in 2017.
Hope that helps. Long story short- you are now 100% guaranteed to receive $8.50 cash into your account for each share of OCATA you hold. Only question- is with each particular brokerage house, how long does that take to happen?
I don't think it will take very long personally- just look how rapidly Astellas moved this AM to make numerous SEC filings, commence a merger, install their mgt team into OCATA, etc. Astellas really, really has their legal ducks in a row IMO. They're very seasoned at M&A activity and use only top pros like Citi-bank to do their U.S. based work for um.
$8.50 cash per share for you, guaranteed now. Hope that helps. Good luck.
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