Question for stockbrokers
Discussion
I have found a certificate for some Acorn Computers shares. I know they were taken over by ARM who have subsequently been taken over by Nvidia but is there any way to find out if these Acorn shares have any rights to be converted to Nvidia shares? I have mailed Nvidia investor relations but no response...
I have a large number of old share certificates, which (I presume) are only of sentimental interest.
Some though might be of interest and have a value to collectors.
When a takeover occurs, or there is a capital reorganisation, the original certificate is replaced by a new one and so becomes obsolete.
Can you find any dividend confirmation slips, or dividend credits on old bank statements, in respect of ARM?
Is so, that would prove the Acorn certificate is obsolete.
EDIT - I don't know the details, but I was assuming ARM bought the original business using their shares (or part payment in shares).
If they paid entirely with cash, then obviously receiving ARM dividends (if they were paying any) would not have been applicable.
Edited by Jon39 on Thursday 29th December 13:46
ARM (now “Arm” as it is no longer an acronym) was not acquired by Nvidia.
Arm was taken private by Softbank in 2016, and shareholders were paid for their shares. Nvidia attempted to acquire Arm in 2020 but various market competition regulators blocked it, and so the acquisition was unsuccessful/ didn’t complete. Softbank is intending to IPO Arm, currently stated for 2H 2023. I have read that Softbank intend to retain a majority shareholding after float.
With all of the above said, Acorn did not become ARM. Acorn, Apple & VLSI set up Acorn RISC Machines (“ARM”) Ltd as a separate company, as a joint venture.
Arm was taken private by Softbank in 2016, and shareholders were paid for their shares. Nvidia attempted to acquire Arm in 2020 but various market competition regulators blocked it, and so the acquisition was unsuccessful/ didn’t complete. Softbank is intending to IPO Arm, currently stated for 2H 2023. I have read that Softbank intend to retain a majority shareholding after float.
With all of the above said, Acorn did not become ARM. Acorn, Apple & VLSI set up Acorn RISC Machines (“ARM”) Ltd as a separate company, as a joint venture.
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