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Zenith
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I own some shares of Federal Mogul (yes I bought them below .50). Fed Mog is currently renegotiating its chapter 11 filing, as far as I understand. To get to the point...

quote:
Current shareholders are slated to get warrants under Federal-Mogul's Chapter 11 plan. Existing shares will be canceled.
http://news.corporate.findlaw.com/ap/f/66/09-30-2005/aaf0000ab57b8ed9.html

Is this a good thing? Will I get an equal value of what my shares are? As I understand, a warrant gives my new shares when the company re-organizes.

Do other people make out when they are issued warrants?

Thanks

Posts: 34 | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
   

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