Since short float is so high, hypothetically, if every current long investor wants to stay invested and refuses to sell their shares, how would a short cover when the company goes private and is delisted?
Is the short simply required to pay $420/share to the broker, or is he on the hook to bid up the shares to an amount (over $420) where he can convince some longs to sell and deliver shares to the broker?
Submitted August 08, 2018 at 01:33AM by MarshallEverest https://ift.tt/2APEpWF
