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Technology Stocks : VocalTec (VOCL)

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To: advinfo who wrote (1894)3/3/1999 10:24:00 AM
From: alan sigler  Read Replies (2) of 2349
 
Let's assume a buyout. (Yea, I know what happens when you assume)
I'm ignorant on what happens after that.
Say a company decides to buy Vocaltec at $30 a share. Does the stock quit selling on the NASDAQ on the day of the announcement. Then can you sell shares at $30 on that day or does it continue to trade on demand. And if so why would it trade above $30? As a shareholder, I sure would like to know an answer.
Can somebody help me out?

I'm a long time listener (LTL).
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