Did former common shareholders of Comdisco, Inc. receive common shares of Comdisco Holding Company in exchange for their old common shares?
No. As outlined in the Plan of Reorganization, the old common stock was cancelled and was not exchanged for new common stock. Former common shareholders of Comdisco, Inc. who tendered their stock certificates to Mellon Investors Services by August 12, 2003, were eligible to receive contingent distribution rights that entitle the holder to share in the net proceeds realized from the runoff or sale of the company’s assets. The manner of sharing of the net proceeds is described in the Rights Agent Agreement relating to the Contingent Distribution Rights, which is available for download on the home page of the company’s website.
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