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Bell South Stock Certificates

Bell South Stock Certificates
« on: August 28, 2013, 06:58:40 AM »
My partner and I found 98 shares of Bell South Certificates dated 1984.  Does anyone know the worth of them and even if we can trade it in since it is under someone else name?  Thanks

Re: Bell South Stock Certificates
« Reply #1 on: August 28, 2013, 07:20:54 AM »
Since AT&T bought Bell South, all Bell South stock holders had to turn in their certificates to AT&T. You can't cash out Bell South stock or transfer them to your name without the owners consent, as far as I know. Your stock certificates aren't worth anything, IMO. But throw them up on eBay. Maybe a retired Bell South employee will want them.

Re: Bell South Stock Certificates
« Reply #2 on: August 28, 2013, 07:58:26 AM »
Thanks that's what I thought as well.  I am still going to my banker to have them checked out. I found some sights that sold them as collectibles.  I was just keeping me up last night before I could get a straight answer.  With my bad math if I was able to trade it for what's it worth it was over 25K

Re: Bell South Stock Certificates
« Reply #3 on: August 28, 2013, 06:22:50 PM »
I know nothing about stocks, but from what was said here, maybe you can find the person whose name is on them, then offer to cut them in. I'd make them sign a contract in case they bail out. Assuming it could all work like that of course.

Re: Bell South Stock Certificates
« Reply #4 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.

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