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Years ago, I received a few shares from my employer as part of some incentive scheme or other, two years' service or some such. I'd forgotten all about them until I found the certificate during a tidy-up the other day.
Thing is, the company I work for was bought out by another a couple of years ago. It's ostensibly the same company (we were twice as big as the one that bought us) but the old company name was retired soon after the acquisition.
Is there likely to be any value to this still, or did they cease to exist along with the previous name and aren't worth the paper they're written on? (I'm guessing the latter but figured it couldn't hurt to ask.)
Cheers.
It's likely that the shares have become shares in the new, merged company, though not necessarily on a 1 for 1 basis.
sounds like the buying (merging) company is still in existence?
In which case I'd have thought you should have claim to exchange the share certificate for shares in the buying company, you'd need to contact the registrars - and check what the offer was and if it was ultimately binding or optional.
sounds like the buying (merging) company is still in existence?
Yeah.
I worked for company A, they were bought by company B, the "A" brand name was dropped and I now work for company B.
there will have been terms and offers, either conditional or if acceptance was > 75% I think it becomes compulsory. Either a cash offer or share exchange, as @scotroutes says might not 1:1 or anything like that - so you may likely get a diluted holding in a bigger company.
Corporate Actions - the wikipedia page will explain it better :
https://en.wikipedia.org/wiki/Corporate_action
Cheers all. I'll chase it up next week.
Actual shares or options?
The latter I think can just be wiped out if they feel like it.
Company I was in was bought out and had actual shares and we were made or strongly encouraged to sell up for the purchase. I recall some had options also and those were worthless as there's nothing really to sell. They're just a promise to sell you shares. I think.
I'd bought from options and had other real ones given. Worked out profitable and handy as they promotly made half the development team redundant.
Depends how the merger occurred though I guess.
I have no idea TBH, I don't know or understand anything about this stuff beyond a sheet of A4 I was given a decade ago.