I am new to the whole subject of buyouts. There has been a lot of talk on this forum of a future buyout of the Tesoro property. My question is exactly how does that work for the shareholder? Put another way how do we get our share of the money when it happens?

Does the stock price just go up and we sell on Scottrade or whatever brokerage house we are using or how does that work? Does the company send us a letter asking us to sell our shares directly back to them or what? I have no clue and may as well admit I am an idiot when it comes to knowing how this thing will work in the end. Any help?