I have a question. If you've read the news
this morning you may be aware that Northern foods is merging with Greencore to become a new company called Essenta Foods. I am currently long northern foods, and the price has shot up over 10 points so far today.
The question I have is what happens now? Will my spread bet automatically trade out when the new company is formed? Will I be traded into the new company? I have no idea what my spread betting firm (CMC markets) do in this situation.
Has anyone else experienced a similar situation? If so what happened.
Thanks in advance.
May the markets be with you!
The Spread betting beginner