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Think Before Accepting a Company Buyout Offer
By JLP | April 10, 2006
Pamela Yip at the Dallas Morning News has written an excellent article (may require free registration) on things to think about when faced with a buyout offer from the company you work for.
My advice: Don’t make a spur-of-the-moment decision. Since there are lots of things to consider, it might be wise to seek the advice of a financial planner before accepting a company’s offer. If the company is making an offer, consider the consequences of not accepting their offer. What happens if you don’t accept and the company announces massive layoffs or they make significant changes to their benefit plans? In other words, buyout offers are usually a precursor to more layoffs in the future.
Topics: Financial Planning, Retirement Planning | 1 Comment »
April 10th, 2006 at 1:04 pm
Great post! I hope to never be in that type of situation. I think this is one of those situations that really emphasize the importance of education. When was the last time you heard of accountants being laid off? How about biologists being bought out?
Good read.