What happened to the Kmart stock that was owned by shareholders prior to the Sears buyout...?
Question:
Answer:
they were deemed worthless after the reorg. as most companies are after a chapter 11. keep them in your account and look at them for a reminder.
Ummm, you should check on that with your broker, or whoever you originally bought the stock from. You could have been RICH! Kmart stocked kicked a** after the bankruptcy filing and then dumped.
http://www.nasd.com/web/groups/rules_reg...
http://retailtrafficmag.com/news/retail_...
http://goliath.ecnext.com/comsite5/bin/p...
http://www.theoaklandpress.com/stories/0...
They were destroyed by Wal-Mart.
Sears now owns K-Mart. (This new company is not related in any way to the old K-Mart)
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