IraS1@aol.com wrote:
> In a message dated 4/14/2007 10:43:09 A.M. Eastern Daylight Time,
> benwoltz@bivio.com writes:
> Our club
> owns shares of SLM and Friday it was up big due to
> reports that it will be
> bought by private equity firm.  What
> does that mean for SLM
> shareholders if that were to happen?
> Would SLM continue to trade on the
> public market?  Would our
> club be forced to sell?  Would we get
> shares of something
> else?
>
>
> If it goes through, your club will be forced to sell its shares at the
> purchase price offered by the private equity firm.
>  
> Ira Smilovitz
>
>
> See what's free at AOL.com.

Not always true, you can sell at the market price if the
deal goes through, which can be above or below what the
private equity firm is offering, or you can wait to be paid
cash by the private equity firm.

My suggestion, if the stock climbs to the offering price,
sell it, just in case the deal doesn't go through.