Ask Experts Questions for FREE Help !
Ask
    nachoslurpee's Avatar
    nachoslurpee Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 21, 2010, 06:25 PM
    If a corporation restructures under a new name what happens to my stock?
    I invested in R.H. Donnelley a few years back (I'm still kicking myself for that mistake... ) and they eventually filed for bankruptcy. Just this month the Company announced it has emerged from its Chapter 11 restructuring as Dex One Corporation. So does that mean my stock in R.H. Donnelley is now worthless and isn't associated with Dex One? I would appreciate any answers.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
     
    #2

    Feb 24, 2010, 10:56 AM

    According to the Dex One website it seems that all old stock holders of RH Donneley were wiped out. The new DEX stock was distributed to bond holders only only. See:
    Dex One Corporation

    You may want to call the Dex investor relations department to confirm that tytis is correct.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Stock Transfer - Privately Held Corporation [ 1 Answers ]

I am trying to figure out how to record the following type of transaction: In this particular privately held corporation, the parent is the primary stockholder. When she decided to retire, she and her son made an arrangement for the sale of her corporate stock. Her son agreed that in return...

Westinghouse Electric Corporation Stock Price History [ 1 Answers ]

I am looking for the Westinghouse Electric Corporation Stock Price on the following dates: May 4, 1984 May 5, 1990

Corporation, common stock [ 1 Answers ]

Tidwell corporation has 50,000 shares at $10 par value common stock outstanding. It declares 10% stock dividend on Decmeber 1 when the market value per share is $16. The dividend shares are issued on December 31. Prepare the entries for the declaration and paryment of the stock dividend


View more questions Search