Am I fucked?

So, a company that I participated in the employee stock purchase program filed for Chap 11… they’ve announced they’re selling to another company…is my stock worthless? Can I hope to get anything out of it?

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7 Comments

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  1. Most probably you’re going to get anywhere between nothing and pennies on the dollar (probably in the form of stocks of the acquiring company).

    Each deal is different, you have to look into the details and you, as a shareholder, will be notified officially of what’s due to you.

  2. This is why I sell my company stock. Too much risk. You already have your primary cash flow tied up in the company, why include investments as well? Diversify that money.

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