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#2
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| 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. |
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#1
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| Check with AT&T shareholder relations. |
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| Digger wrote: - quote - > Stocks were found in dads safe deposit box are these of any value? I can't
Yes, they should. There were several steps here. Your father probably> seem to find any info on them. 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 |
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#-1
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| 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 |
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