Is Nortel stock worth anything?
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Is Nortel stock worth anything?
This may be a blinding statement of the obvious, but Nortel Networks shares are now officially worthless.
What was the highest price for Nortel stock?
C$124.50
July, 2000 — Nortel shares reach a high of C$124.50, or more than C$1,100 each if adjusted for a stock consolidation that took place in late 2006, giving it a market cap of more than $250 billion.
What happened Nortel stock?
In 2009, Nortel filed for bankruptcy protection in Canada and the United States, triggering a 79% decline of its corporate stock price….Nortel.
| Type | Public |
|---|---|
| Industry | Telecommunications Networking equipment |
| Founded | December 7, 1895 Montreal, Quebec, Canada |
| Defunct | February 2, 2013 |
| Fate | Bankruptcy |
Is Nortel delisted?
Nortel Networks’s final demise as a stock market darling came quietly Friday when the former tech giant was delisted from the Toronto Stock Exchange on a permanent basis. The final price: 18.5 cents per common share.
How do I sell delisted stock in Canada?
You could contact your financial institution or brokerage to see if they have a method for you to dispose of delisted shares, or shares which are worthless or near worthless. They may purchase the investment from you for a nominal fee, which will provide you with a transaction receipt as proof of sale.
When did Nortel stock peak?
2000
1998: Changes name to Nortel Networks. 2000: July 26: Stock peaks at a high of $124.50, which would be the equivalent of $1,245 in today’s terms, allowing for stock consolidation. Shares were worth just 39 cents before bankruptcy filing on Jan.
Why did Nortel go broke?
Canada’s largest telecommunications company, Nortel Networks, failed because of a culture of arrogance leading to poor financial discipline, a loss of key customers through lack of technological innovation and a harsh external business environment.
What happened to Nortel pensions?
Ontario’s pension benefits guarantee fund has successfully reclaimed some $200 million from monies allocated to pensioners in Nortel Networks Corp. bankruptcy proceedings.
Can delisted stock come back?
A delisted stock can be relisted only if SEBI permits it. The market regulator lays out different guidelines for relisting such shares. Relisting of voluntarily delisted stocks: Such shares will have to wait five years from their delisting date to get relisted again.
