What happen to hand's ESOP if their company is sold to another company?
Answers:
ESOP: hand stock ownership plan - a program below which team regularly store up shares and may ultimately assume control of the company.
Let's enunciate that you own 100 shares of company stock surrounded by your narrative, and another firm buys your employer/company for $40/share. You will attain $4,000. If your shares are surrounded by a retirement plan, you can move the currency into a rollover details and reinvest it into something else (like a mutual fund), or choose to receive the money (but you may experience some duty consequences).
Usually the shares are converted to the other company's shares, at a quibble rate. But ever public sale is different.