Go Back   CDN Business Directory > Main Category > Financial Planning

 
 
Thread Tools Display Modes
  #2  
Old 10-02-2006, 11:15 PM
Elle
Guest
 
Posts: n/a
Default Re: AT&T Wireless AWE stock is it of any value

AT&T Wireless (AWE) merged with Cingular in 2004. Per the
terms of the merger AWE stock ceased to trade. Shareholders
of AWE were supposed to exchange AWE stock certificates for
cash, following a procedure, and receive $15 a share. For
more info, go to http://www.cingular.com/investors , click
on "Shareholder Services," read that site and also click on
the FAQ link. Since obviously your dad did not send the
certificates in, as described in the FAQ, then I would start
by calling the toll free number listed in the FAQ and ask
them how to proceed. Should that number be out of service,
scour the "Investor Relations" section of the Cingular site
for a toll free number, and ask if you can still exchange
the certificates.

For the archives, googling for well-chosen keywords often
turns up the answer to questions about seemingly defunct
companies.

  #1  
Old 10-02-2006, 11:15 PM
dapperdobbs
Guest
 
Posts: n/a
Default Re: AT&T Wireless AWE stock is it of any value

Check with AT&T shareholder relations.

 
Old 10-02-2006, 05:32 PM
Tad Borek
Guest
 
Posts: n/a
Default Re: AT&T Wireless AWE stock is it of any value

Digger wrote:
- quote -

> Stocks were found in dads safe deposit box are these of any value? I can't
> seem to find any info on them.


Yes, they should. There were several steps here. Your father probably
got AWE in a 2001 spin-off of AWE from the AT&T parent company. Then AWE
was acquired in October 2004 for $15/share, in a cash merger with
Cingular wireless. Cingular was majority-owned by SBC, which...later
merged with AT&T, and renamed itself AT&T.

[So in a way you're back to Square One, only with a few hundred million
bucks paid out to investment bankers, lawyers and company execs along
the way for all that "shareholder value" they created!]

But the point is, AT&T is the company you want to ask about this because
they're the successor to the company that bought AWE out in October
2004. Call up their Investor Relations department, or perhaps look
around on the IR part of the AT&T web site -- dig around at www.att.com.
You may be able to tender your shares now, or perhaps the proceeds are
sitting with your father's home state's "unclaimed property" authority.
If you call AT&T you should be able to get an answer. The AT&T web site
should also have information about figuring out your cost basis in these
shares, if that is something you need to know.

-Tad

  #-1  
Old 10-02-2006, 09:03 AM
Digger
Guest
 
Posts: n/a
Default AT&T Wireless AWE stock is it of any value

Stocks were found in dads safe deposit box are these of any value? I can't
seem to find any info on them.
thanks in advance
jeff

 

Tags
atandt, awe, stock, wireless
Similar Threads
Thread Forum Replies Last Post
Money secure over wireless ?
- Bobb -: Family just bought a condo in Florida. It has free wireless internet BUT it's 802.11b not 802.11g, so it's not secure. ( and they can't change it...
Microsoft Money 5 03-12-2006 10:12 PM
Form 1099B Cingular Wireless
Dannie: Daughter has 34 shares of AT&T Wireless which Cingular gave her $510 (34 shares times $15/shr) and a 1099B for Merger Consideration. She knows what...
Taxes 1 03-14-2005 12:32 AM
Understanding the future of money and wireless!
onlinestyle: The next great wave of interenet business will be dealing with apply ing for credit cards online and dealing with issues of debt consolidation and...
Microsoft Money 1 02-10-2004 05:29 AM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 01:17 AM.