New “Going Private” Transaction – Bestway Inc
After putting in a limit order several weeks ago, I purchased 99 Bestway (BSTW) shares for $11.01 for my son’s Coverdell ESA. Bestway plans on paying $13.00 per share for all shareholders owning less than 100 shares. A revised definitive proxy statement lays out the details of this deal.
It is always a good idea to read these statements carefully. They indicate the amount of cash being offered, the number of shares you can own to qualify for the offer, and most importantly, whether shareholders using brokers will also receive cash. In some cases, only shareholders of record (i.e. owners of the physical stock certificate) can participate in these deals. It pays to read the fine print.