I agree. At least in UK law I'm pretty sure a change of name or even a merger shouldn't affect the value of your shares. Or stocks. Or bonds.
Equities I'm not sure about.
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I agree. At least in UK law I'm pretty sure a change of name or even a merger shouldn't affect the value of your shares. Or stocks. Or bonds.
Equities I'm not sure about.
<font size="2" face="Comic sans ms, Helvetica, sans-serif">Probably. I am clueless when it comes to this stuff. It says "shares" on it, but I do not see the word "bond".Quote:
Originally posted by 3peanuts:
Uh, should I explain the difference between bond and share?
And thank you for the help. Much appreciated.
Then that means you own a share of the company.
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Back again.
IF you still need help...
Btw, Eris is right. You own a share of the old company. According to my knowledge of US Company Law, you have basically two options: keep the share or sell it.
If you decide to keep it, you have a right on dividends. Old share-holders are to be paid exactly like the new ones, but you really need to know what lies behind the changing of the name. Why? Bankruptcy=no more money. But even in this case, you still have a right on dividends grown during the activity of the old-name company, if they have not been requested. The procedure is basically an exchange between the share you own of the old com. and an equivalent (same value) share of the new. There are always contracts about the exchange price, but if they didn't bankrupt (in this case the price is fixed by the judge of the bankruptcy procedure), you can come to terms and fix the price according to the contract.
Exchange procedure is indeed necessary if you decide to sell the share.
The expert advise: try to find out more about the old company (for example via internet), and more about the reason of the changing of name. probably the share you hold still has a value of some sort.