Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
1cat2cole:

Your shares of GTE stopped trading with the stock market
close on Friday. The merger of GTE and Bell Atlantic
will begin trading on Monday under the name Verizon with
the stock symbol VZ. If you care to you may go back a
few posts on this board for more info. You need do nothing
with your GTE shares. They will become VZ at a ratio of
1.22 shares of VZ for each share of GTE that you hold.
As I understand it you will also get $.02 per share in
cash and perhaps some special dividend from GTE. Hang on and
hang here around you can learn a lot on these boards.

Since you just got you GTE stock you may wish to determine
the value of it when it was gifted to you. This will be
VERY important down the road if you decide to sell some
or all of your Verizon shares.

good investing
dsinclair


Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement