Maybe some of you can help me understand how this works. I currently hold shares of stock in Neiman Marcus. A few months ago, Neiman Marcus was bought out at $100/share. I owned the shares prior to the sale. Right now, Neiman's stock is hovering around $96/share. The sale still needs approval from the SEC and, if all goes well, Neiman's claims that the sale will be approved in August or September of this year. After the approval, I guess the new owners will offer to buyback shares of stock at $100/share. Am I understanding this correctly? Here are my questions: 1) Since the sale was for $100/share, does this mean that it's unlikely for the price/share to rise above that before the buyback period? 2) How likely is it for the price to rise above $100 before the buyback period? Any ideas on what typically happens to the price/share after the buyback period? I've heard lots of conflicting information in regard to this -- some say to sell now, others say to stay in. What are the reasons for these suggestions? 3) What should I be concerned about if I hold on to the shares, both before, during and after the buyback period? 4) Am I obligated to sell my shares at $100/share or can I hang on to them at market value after the buyback period? How does this work? 5) What would you do if you were in this situation? If these questions have already been answered, please direct me to those answers.