OSI - Partners To Be Acquired

[bull_rulkster]

Can anyone tell me what this means exactly for the stock:

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DOW JONES NEWSWIRES

OSI Restaurant Partners Inc. (OSI), operator of Outback Steakhouse, Carrabba's Italian Grill and Bonefish Grill, on Monday said it agreed to be acquired by an investor group comprised of Bain Capital Partners, Catterton Partners and company founders Chris Sullivan, Robert Basham and J. Timothy Gannon for $40 a share in cash.

Shares closed Friday at $32.43.
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Today OSI is up 25% at over $40.00 a share.

Will the stock continue to rise because of this news or is it time to sell?

[Svenwulf]

imo i would sell. congrats on a fabulous return!

[robvia]

The private company is going to give $40 a share. But, another company could come in and bid even more, say to $42. So even though the current bid is $40, you'll see people keep buying hoping someone else will bid higher.

I see more companies going private because of the Sarbanes/Oxley laws.