What happens when a company gets bought and you are caught short?

[sprstpd]

I am wondering what happens under such conditions to people who were caught short at market opening. Is there enough liquidity available for them to buy and exit quickly?

No liquidity at all. The move happened in pre-market and was almost instantaneous. There were no offers to get out on once the bids started to pile in. Well, except for the offers at $195. The computers probably took out the standing offers faster than you could blink.