Taking cydy private would basically be the same as a buyout. All available shares would be bought up at the agreed upon price. However buyouts (if the company is public) could offer stock of the acquiring company to sweeten the deal. Private you get cash and no longer are part of leronlimabs future. For that reason alone I'd favor a buyout over private. I won't complain about any profit but if I was offered 3 bucks a share I'd probably laugh for 10 minutes before I got the word "no" out... scratch that...no first then a good 11 minute laugh. Yup that sounds better.

This happened to someone I knew that had toys r us stock when it got taken private. I think ~26 bucks was the price many many years ago. I believe we still get to vote on the offer though so mgmt can't just sell us out.