my grandfather told me that never sell the shares of stocks he gave me before he passed away, he also gave some stocks to the native tribes of which he came from to make sure of the land was never to be developed for profit,now was told that company merged and stocks are to be signed and turned in for payment. What rights do i have when i voted against this merger.
2007-01-23 04:09:19 · 2 answers · asked by yrtrippin2 1 in Politics & Government ➔ Law & Ethics
Unfortunately, your options are limited. SInce the stockholders all voted and the majority voted to allow the merger, the merge will go through. So, your options are to turn the shares in and receive payment, which can be either cash or stock in the new company, or you can hold onto the stocks, which will become worthless as they are stock in a company that no longer exists. Sorry that I don't have better news.
2007-01-23 04:14:09 · answer #1 · answered by theeconomicsguy 5 · 0⤊ 0⤋
Get lawyer fast.
2007-01-23 04:11:53 · answer #2 · answered by ? 4 · 0⤊ 1⤋