Company takeovers and shares

[rfisher]

I have several share certificates bought at the height of the dotcon bubble fiasco (laugh - I nearly died) now worth f@@k all.

Several of these companies have been or are about to be taken over. Do I need to return my certificates or are the shares in loser.con still valid when it gets taken over by chancers.plc?

[CVP]

rfisher said:

I have several share certificates bought at the height of the dotcon bubble fiasco (laugh - I nearly died) now worth f@@k all. Several of these companies have been or are about to be taken over. Do I need to return my certificates or are the shares in loser.con still valid when it gets taken over by chancers.plc?

If the company gets a takeover bid you will be sent a proposal document for you to indicate if you want to accept the offer for the shares in loser.com. Only in this way does chancers.plc know if has enough acceptance for its offer price.

If the offer is accepetd by enough shareholders in total (IIRC somewhere in the region of 80%) then the offer becomes unconditional and you return your share certificate and in return you get what chancers.plc was offering (either shares or cash or a combination of the two).

What you really need to do is to ensure the folk at losers.com have your latest address to amke sure you get your cash / new shares.

HTH

Chris