Company Purchased After Exercising Stock Options
I worked at a private company where I was granted incentivized stock options (company is incorporated in, but not located in, Deleware). When I left the company, I had to exercise those options or lose them. I exercised them because they were currently valued at more than the strike price. I received a stock certificate that stated that they were a non-registered security (due to it being a private company).
Just recently this company announced that they were being purchased by another company as a cash purchase. I have not yet held the shares for 1 year, but as far as I can tell I'm past the 90 day period where the company can force a buy-back.
I'm about to contact the company to see if I can get more information, but so far the only number that has been announced is the sale price, but no value-per-share price and I don't know the number of outstanding shares.
My question is, what do I need to protect myself during this sale? I don't want to trust that the company will keep my best interests in mind. I'm worried that somehow they'll try to devalue my shares. Are there important questions I should ask? Anything I should do for tax reasons? Has anyone gone through a similar circumstance after already leaving the company?
Thanks in advance to any advice people can provide.