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Advice needed

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Views: 159
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Prospect
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Joined: Jan, 2003
Posts: 181
Posted: #1
I have NWA stock which i got in June for $7.22 a share.  I wasn't even paying attention but wish i did in August when it was topping out at $11.00 or so.  But thats now behind me.

I don't really know too much about stocks but NWA is going to be acquired at some point in time.  Would it be wise to sell soon?  I am asking because what happens to a companys stock when they are acquired by another company?  Does NWA in this situation have a substantial drop in its stock price? Thanks
 
 
All-Star
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Joined: Apr, 2007
Posts: 11689
Posted: #2
the company that acquires them has to buy out their stock, which means your broker will cut you a check for whatever the deal is. if i had to guess what someone would buy NW for i would guess $8 dollars a share
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