Companies can take actions that may affect shareholders. Such actions include:

Mergers and Acquisitions

A merger or acquisition commonly occurs when one company decides to buy another company. There are several types of mergers, but all can affect the value of both the target and acquiring companies' stocks If you own shares of either the target or the acquiring company, their name or ticker symbol may change.

Example:

Company ABC buys company XYZ. Company XYZ shares convert to ABC and XYZ stops trading.

Stock Splits

When a forward stock split occurs, the number of shares held by shareholders (known as outstanding shares) increases while the price per share typically decreases. A forward stock split proportionally affects both whole and partial shares.

Example:

You own 20.5 shares worth $10 per share. The company carries out a 2-for-1 forward stock split. As a result, you now own 41 shares worth $5 per share.

When a reverse stock split occurs, the number of shares held by shareholders (known as outstanding shares) decreases while the price per share typically increases. A reverse stock split proportionally affects both whole and partial shares.

Example:

You own 20.5 shares worth $10 per share. The company carries out a 1-for-2 reverse split. As a result, you now own 10.25 shares worth $20 per share.

Delisting

When a stock exchange delists a company, their stock stops being available to be bought or sold on that exchange. The stock may be traded on another exchange or not traded at all. If the stock is no longer supported on Cash App Investing, shareholders may only be able to exit that position by selling or transferring the share(s). Cash App Investing will provide additional information if this change occurs.

Symbol/Ticker Change

A company may change their ticker symbol for a variety of reasons, such as a name change, merger, or delisting. Cash App Investing will provide additional information if these changes occur.

Spinoff

A spinoff occurs when a part of a company separates itself to form a new company. During a spinoff, the company may take several different courses of action, such as giving current shareholders shares of the new company or cash.

Example:

Company ABC sells cars and decides to list its parts division as a separate publicly traded company named XYZ. The spinoff company is set to go public in a month and will trade under XYZ. Cash App Investing may offer the stock upon being listed in the NYSE.

                         

If you hold fractional shares, rounding may affect your ability to be credited for stock, cash, or other compensation in connection with any corporate action, as there may be a minimum share requirement to participate.

China Mobile (CHL) will no longer be tradeable after market close today

Update for CHL shareholders

Genesee & Wyoming (GWR) has been acquired by Brookfield Infrastructure (BIP)

GWR BIP merger details

Google has completed its acquisition of Fitbit

What this means for shareholders of Fitbit

Tiffany & Co. (TIF) acquired by LVMH

What this means for shareholders

Amphenol (APH) 2-for-1 forward stock split went into effect on 3/5/2021

APH forward stock split

Sherwin-Williams (SHW) 3-for-1 forward stock split went into effect on 4/1/2021

Sherwin-Williams 3-for-1 forward stock split

VONG 4-for-1 forward stock split went into effect on 4/20/2021

VONG 4-for-1 stock split

VXX 1-for-4 reverse stock split went into effect on 4/23/2021

VXX reverse stock split

USO carried out a reverse stock split.

USO reverse stock split

Electronic Arts completed its acquisition of Glu Mobile

EA acquisition of GLUU

Just Eat Takeaway.com acquisition of GrubHub

Just Eat Takeaway.com has acquired GrubHub

InterActive Corp (IAC) has completed a spin off of Match Group (MTCH) on July 1, 2020

InterActive Corp (IAC) has completed a spin off of Match Group (MTCH) on July 1, 2020

Caesars Entertainment acquired by Eldorado Resorts

Caesars Entertainment acquired by Eldorado Resorts

NVIDIA completed a 4-for-1 forward stock split

NVIDIA (NVDA) 4-for-1 forward stock split

Chesapeake Energy Delisted from the New York Stock Exchange

Chesapeake Energy delisted from the NYSE

Important Update for Intelsat SA Shareholders

Intelsat SA delisted from the NYSE

General Electric completed a 1-for-8 reverse stock split

GE 1-for-8 reverse stock split

El Paso Electric Company has been acquired by the Infrastructure Investment Fund

El Paso Electric acquired

Apple 4-for-1 forward split went into effect on 8/31/20

Apple forward stock split August 31, 2020

Tesla 5-for-1 forward split went into effect on 8/31/20

Tesla forward stock split August 31, 2020

Update to Whiting Petroleum Warrants (10/07/2020): What It Means for Shareholders

Info on Whiting Petroleum warrants from recent corporate reorganization updated

DaVita Tender Offer

Update for DVA shareholders

NetEase 5-for-1 forward split went into effect on 10/2/2020

What the NTES 5-for-1 forward split means for shareholders

Morgan Stanley has completed its acquisition of E-TRADE

Morgan Stanley has acquired E-TRADE

Chevron has completed its acquisition of Noble Energy

Chevron Acquisition of Noble Energy

Charles Schwab has completed its acquisition of TD Ameritrade

Charles Schwab has acquired TD Ameritrade

NextEra Energy 4-for-1 forward split went into effect on 10/27/2020

What this corporate actions means for shareholders

Teladoc Health has completed its acquisition of Livongo Health

What this corporate action means for LVGO shareholders

Automatic Liquidation Notice: Hertz stock has been delisted from the New York Stock Exchange

Hertz delisting from the NYSE

Pfizer's Upjohn spin-off completes merger with Mylan N.V. to form Viatris

What this corporate action means for shareholders

Tempur Sealy 4-for-1 forward split went into effect on 11/24/2020

What this means for shareholders

McCormick 2-for-1 forward split went into effect on 12/1/2020

What this corporate action means for shareholders

Unilever NV (UN) acquired by Unilever PLC (UL)

What this means for shareholders

Cash App Investing Supports Selling Shares Over-the-Counter (OTC)

Over-the-Counter (OTC) trades

Rollins 3-for-2 forward stock split went into effect on 12/11/2020

What this means for shareholders

Brookfield Renewable Corp 3-for-2 forward stock split went into effect on 12/14/2020

What this means for shareholders

Dunkin Brands (DNKN) acquired by Inspire Brands

What this means for Dunkin Brands shareholders

Broker-Dealer Disclosures

Cash App Investing Broker-Dealer Disclosures