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Novacyt Potential Takeover
in Shares and ETFs
Posted
Hi All
Hoping for some help / advice, I have a spread bet long position (several) on Novacyt share and its doing reasonably well. There are rumours of a takeover or buyout at a far higher price than its at now.
Does anyone know what happens in the event of this happening?
For example if its 1000p a share now and the takeover is 2000p I assume I would get the 2000p value and effectively double my profit? Conversely if it was 500p I would be down 50%.
Much appreciated for help in advance.