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What happens to shares that are granted but not purchased during an acquisition? And the grantee is unreachable.

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Can not be answreed here as it toally depends on legal form, country and possibly the number of shares, too (blocking minority that was ignored?). Consult a lawyer.

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It's a Delaware c corp and only 2 percent of shares – Sam Nov 21 '11 at 17:01
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And then it still depends pßossibly on the juridsiction of the prucahser, on the bylaws of the corporation, on the purchase contract, no the purchase price. Consult a lawyer. – NetTecture Nov 21 '11 at 17:14

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