Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I am thoroughly confused by spin-offs. Scottrade sent me the following concerning my Kraft stocks (I only own 20 shares):

RE:stock symbol KFT (expires 08/o1/08):

The above-listed stock is part of a non-mandatory reorganization, or tender offer which requires your timely attention. If you decide to participate in this offer a $25 fee will be charged to your account. These shares must then remain in your account until the reorg/tender takes place.

I know that Kraft is spinning off their Post cereals. Could someone, please advice me as to what action I might take that would be most beneficial to my account. Such as: sell the shares, take the offer, et cetera.

Thanks so much.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
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.
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.