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Thread: NW stock
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Old Feb 23, 2007, 11:46 am
  #14  
brians51
 
Join Date: Nov 2001
Location: Land of 10,000 miles, MN
Posts: 737
If I remember correctly there was an article posted in another thread that they were buying the stock as when the new stock comes out. It will be sold to people/companies based on percentages of the old stock they owned.

IE: MS owns 25% of the current stock and that is the biggest share then they will be able to buy the biggest share of stock when it comes out @ the IPO price. From the article I think it was like 25% old stock may equal 15% of the new stock.

They were also getting millions of shares as they are the broker and if not all bought they have to buy them.
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