What happens to my stock when company is sold?
If I owned 50 shares of Marvel when it is bought by Disney, do I now own Disney stock? Should I sell the Marvel stock before the sale? I use Sharebuilder.
If I do nothing and leave the stock alone in my online account (Sharebuilder), will the Marvel stock eventually disappear and be replaced with the Disney stock?
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Answer by muncie birder
What you are supposed to receive according to the deal is $ 30 in cash plus 0.745 share of Disney stock for each share of Marvel stock you own so for 50 shares you would receive $ 1500 plus 37 shares of Disney stock and the cash equivalent for 0.25 share of Disney.
I don't know whether you should sell or not. I depends on whether you desire to own Disney stock or not. At Marvel current price you would receive about $ 2375. At Disney current price and you accepted the offer you would receive the equivalent of about $ 2450.
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