Google
 

View Full Version : Stock Splits and Merger Mania


Snouter
05-31-2004, 04:47 AM
In the beginning was 1 share of Chemical Bank stock. Chemical Bank merged with Chase Manhattan and later Chase declared a 2:1 stock split resulting in the 1 additional share for a total of 2 shares (the Chemical share is treated as a Chase share). Chase Manhattan merged with J. P. Morgan and later J. P. Morgan declared a 3:2 stock split resulting in a total of 3 shares (the Chemical share and Chase share are treated as J. P. Morgan shares).

I have to drop these off at my discount broker so he can unload them. Unfortunately, I will probably be charged more than the electronic trade fee which significantly cuts into the deal since all 3 shares together are only worth about $100.

h2g2Fan
05-31-2004, 04:53 AM
hehe, why did you only have one share :]

Snouter
05-31-2004, 11:18 PM
Actually, Walter Shipley gave one to my father so he would keep receiving Annual Reports after he retired. Shipley made it to the big time with the mergers.

jojo
06-01-2004, 12:29 PM
hey snouter - wanna buy some worldcom ? :p

Snouter
06-03-2004, 10:37 PM
jojo, don't tell me you are still holding that stock? Apparently it is WCOEQ.PK (traded as a pink sheet) and worth $0.01 if you can find a buyer.

IPIX was jumpy today.

http://ichart.yahoo.com/w?s=IPIX

Google