Afterpay acquired by Square

[VikC]

Hello,

I am unclear how this will work. So  a little guidance will be appreciated.

I understand Afterpay is sold to Square, and I have some Afterpay shares

1. Its shows as 'market Closed' in during Australia hours, is it now listed in US stock exchange?

2. How does it impact me, how and when will the Square shares allocated against Afterpay?

3. Do I need to submit documentation to own Square shares?

4. Why is the Afterpay Share price falling.?

A response will be appreciated

regards

Vik

[MR7]

8 hours ago, VikC said:

Hello,

I am unclear how this will work. So  a little guidance will be appreciated.

I understand Afterpay is sold to Square, and I have some Afterpay shares

1. Its shows as 'market Closed' in during Australia hours, is it now listed in US stock exchange?

2. How does it impact me, how and when will the Square shares allocated against Afterpay?

3. Do I need to submit documentation to own Square shares?

4. Why is the Afterpay Share price falling.?

A response will be appreciated

regards

Vik

Even I was holding the securities of Afterpay and would like to know what would happen to those.

[MongiIG]

9 hours ago, VikC said:

I am unclear how this will work. So  a little guidance will be appreciated.

Hi @VikC

The following link is a guide to mergers and acquisitions: M&A explained.

The article explains mergers and acquisitions, how they work, and the opportunity they present for investors and traders.

Hope this will help!

 

All the best - MongiIG

[Chrisjm15]

On 20/01/2022 at 23:15, MongiIG said:

Hi @VikC

The following link is a guide to mergers and acquisitions: M&A explained.

The article explains mergers and acquisitions, how they work, and the opportunity they present for investors and traders.

Hope this will help!

 

All the best - MongiIG

Hey - this doesn't answer the question at all.

Just a bland FYI on Mergers & Acquisitions.

Like VikC, I'd like to understand where the valuation of my new Square (Block) shares are at in my portfolio.  At the moment the app shows the Afterpay ones to no longer exist/or are hekd at their closing price with no mention of the Block shares I (should and hopefully do) now own...

Are we all waiting on an app update or something?

 

Chris

[Sandesh23]

I am having this same issue.

[JonoBucktrout]

Did anyone ever get a straight answer on this?

I was showing a friend the "IG demo" you can use to get your head around how it all works and i noticed i still had Afterpay in my Demo Positions list. 

Curious on if its possible to remove it?