I worked for a company back in 1994 and I bought shares in the company. I've sat on them over the years, even as the company after company were bought up and absorbed by larger companies. Recently, I received noticed that Oracle is buying all common stock, giving me a very large check.
I never received a certificate. These shares were electronic and I know that I still have them because the company handling the transition notified me that I have them and that I have to fill out a “Letter of Transmittal”, how ever it is telling me I need to turn over the certificate(s).
I am going to call them tomorrow to ask about this issue, but I wanted to make sure I was well informed about what my rights are concerning this issue.
Given the length that I held the stocks, what will I pay in taxes? Also, since I do not have a physical certificate, what am I supposed to turn in or can they refuse to pay me my check if I do not have the certificate?
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