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Trintech Shares

  • 19-10-2010 10:04am
    #1
    RosyGirl
    Registered Users, Registered Users 2 Posts: 29 ✭


    Good morning!
    A few years ago I bought a few shares with Trintech which I now see has been bought out by a larger American company.
    I am a very small, novice investor and am unsure what the procedure is in this particular situation.
    Does the new company automatically buy the shares from you or do I have to sell them myself via the broker?
    As you can no doubt tell, I'm completely clueless about this situation and would really appreciate some advice from the experts on here!


Comments

  • #2
    Raskolnikov
    Registered Users, Registered Users 2 Posts: 10,148 ✭✭✭✭Raskolnikov


    RosyGirl wrote: »
    Does the new company automatically buy the shares from you or do I have to sell them myself via the broker?
    Typically, a broker will exchange shares on your behalf with the acquirer and you'll see the cash balance updated on your brokerage statement. I would say that you should call your broker to verify that this is the case.


  • #3
    Sharespeak
    Closed Accounts Posts: 1 ✭Sharespeak


    You should firstly ascertain whether you hold American Depository Shares(ADSs) or Ordinary Shares. If you bought your shares through a broker in the last couple of years then they will be ADSs more than likely. Once you know which you hold, contact the company directly as there will be a different process for each type. The important thing to ensure is that they have current contact details for you. They may also ask to take bank account details for direct payment if you prefer.


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