Shares of a company that was bought out

[Flatlander]

Tonight I was going through some stuff and it turns out that I have the stock certificate for a handful of shares of Georgia Pacific. I just Googled it and GP was bought out in 2005 by Koch. I have a Fidelity account and I know I can deposit certificates with them, but I think I have a mess here. How should I proceed?

 

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[Jonleehacker]

Considering that Koch is a private company, I would call them and ask. They should redeem the shares for cash for you.

Unfortunately you will probably get the 2005 valuation, since Koch was not publicly traded, so the deal was for cash and not stock swap.


Koch Industries, Inc. - Contact Us

 

[Flatlander]

Okay I'll try that.

 

[Flatlander]

The 2005 price would be a lot more than what I paid. I could live with that.

Koch will pay $48 for each Georgia-Pacific share, or 39 percent more than the stock's $34.65 closing price on Nov. 11, the companies said yesterday in a joint statement. The transaction would be the biggest ever for Wichita, Kansas-based Koch.

 

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[Jonleehacker]

The 2005 price would be a lot more than what I paid. I could live with that.

Sure, but if for example your company was bought out by Apple and the shares where exchanged for APPL in 2005 you would have got all the appreciation of Apple shares since 2005 as well... but ce la vie