yogiii
Junior Associate
Joined: Dec 20, 2010 19:38:00 GMT -5
Posts: 5,377
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Post by yogiii on Nov 29, 2011 14:29:46 GMT -5
What if you own penny stocks in a company that is then acquired by a larger corportation? Let say you owned 5k in $1 shares in x and it was acquired by y, which is $20/share. Do you now own 250 shares of y? Is it that simple?
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The Virginian
Senior Member
"Formal education makes you a living, self education makes you a fortune."
Joined: Dec 20, 2010 18:05:58 GMT -5
Posts: 3,629
Today's Mood: Cautiously Optimistic
Location: Somewhere between Virginia & Florida !
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Post by The Virginian on Nov 29, 2011 17:45:33 GMT -5
I believe it is but they may factor in acquisition costs also.
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