Ask Experts Questions for FREE Help !
Ask
    catonsville's Avatar
    catonsville Posts: 894, Reputation: 91
    Senior Member
    		  
    #1

    Oct 26, 2011, 07:23 AM
    Stock questions?
    I have TMX and it is being taken over by the Sister company/. They want me to surrender the stock. What happens if I don't do it? It will be delisted I know, what then?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #2

    Oct 26, 2011, 08:37 AM
    I'm assuming you're asking about the acquisition of outstanding Telmex shares (stock symbol TMX) by America Movil . If you don't surrender your shares you end up holding a worthless stock certificate once TMX is delisted.

    If instead you're asking about TMX Group in Toronto, please post back to clarify.
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!

Free stock questions [ 4 Answers ]

Hello all, Looking to find out what happens if you bought stock in a company that has since gone into liquidation. Its share price was frozen and liquidators were brought in. Q1. Am unsure whether I have any recourse, or investment is a write-off. Can I transfer shares from original ...

Stock questions? [ 4 Answers ]

I have this question. If I buy 100 shares of a stock today for $10 each, total investment of $1000, and in 6 months the price of the stock goes from $10 to $1, then that would mean I lost $900? And people would be telling me to sell to keep from losing it all. But what if the stock price...

Stock questions? Common stock in STROUSE Inc. With Pennsylvania corporate seal 1954 [ 0 Answers ]

The shares were purchased oct. 6 1967, that's all I know #RL3406, I don't know if there still in business, or how to find out, perhaps you can help, thanks

What is the cost price of stock that had stock split, merger and another stock split? [ 0 Answers ]

(1) stock split 7.3839 sh to 14.7669 total cost 475.32 (2) merged total 15.0880 shr @.6611667 ration = 9.9832 total cost 475.32 sh (3) another stock split when it reach 11.0067 to 22.0134shares total cost $593.91 (4) total shares todate 74.595 share. (5) what is the cost basis of the 74.595...

View more questions Search