no. ive been in a couple of these. it doesnt happen quite like that. what happens is...
if they announce a buyout, it would most likely be over the weekend. they wont halt the stock most likely. it will gap close toward the buyout price before market open. it will STILL trade. there would be a stockholder vote within a week of the announcement. at that time, shareholders can simply vote yes or no. their answers typically are decided based on the new trading range that exists. now, the rare occasion would be if the announcement is a cash buyout offer(which rarely happens), then your scenario would be true. they would halt the stock right before the announcement and several days later would simply replace your shares with cash on the buyout price offered. IMO its going to be a long time before anything even happens good or bad.
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