436
What's it Worth?? / Re: Bell South Stock Certificates
« on: August 28, 2013, 10:38:44 PM »
During any merger, the purchasing company has to offer the stock holderss of the company purchased a value in stocks. This is what you hear in the news reports when they say the value of the purchase.. For example, AT&T buys Bell South for $1.89 per share. So, if you have the physical stock, you turn it in and get physical stock certificates for the new company at the value agreed upon during the sale. Law stipulates that the purchasing company must offer every stock holder their fair share. If a stock owner lost or misplaced their physical stocks, they can fill in a form and submit it to the new company and receive their shares after a short investigation. Basically, they go back and check the books..
If I had to guess, the people have already cashed in their stock with AT&T through the lost stock claim long ago rendering these stock certificates useless. However, wouldn't hurt to make a phone call to the locker owner.
If I had to guess, the people have already cashed in their stock with AT&T through the lost stock claim long ago rendering these stock certificates useless. However, wouldn't hurt to make a phone call to the locker owner.