A while back I bought some National City stock because the price was too temptingly low to pass up. Now, they a being acquired by PNC bank and NCC shareholders will get 0.0392 shares of PNC common stock for each share of National City.
I sold 100 shares of National City last week, for a small profit of $75. I still own 100 shares, so it looks like I will be getting a paltry 3.92 shares of NCC, worth about $175. That's about half what I paid for the 100 shares. Oh well. You can't win them all.
National City stock
October 24th, 2008 at 09:55 pm