Cervus acquired by Brandt

Hi Dan,
Thanks for the reply you have answered me question very well I do hold it in my TFSA so we can hope a bigger company offers more. Fingers crossed
Cheers

Hey there. Not sure what you mean by this?

The company is being purchased for $19.50 in cash, and is expected to close in the fourth quarter this year.

So, if you own shares you'll be paid out in cash in the fourth quarter if the deal ends up closing. Or, you could sell and take your cash right now.

Selling now or your shares selling in the fourth quarter won't make a difference, as both will result in a taxable event (assuming the stocks are held in a taxable account of course.)

The only point of holding shares after an event like this is if you believe someone will come along and offer more. I've had plenty of these acquisition situations, and I end up selling my shares and deploying the capital elsewhere. The risk of doing this is ultimately a bigger company coming in and offering more than the $19.50 a share.