2 ms·
This is a 3 for 1 stock split in that for each share of FB that you own, you will receive 2 shares of the new FB share class that do not have voting rights. If
by electriclove 11y ago
This is a 3 for 1 stock split in that for each share of FB that you own, you will receive 2 shares of the new FB share class that do not have voting rights.
If you don't want to own the non-voting rights shares, sell them and buy the regular ones. You will lose a little bit due to the difference in price and the commissions (there may also be tax implications).
It is similar to what Google did last year and what Under Armour did a few weeks ago. Here's what Google and Under Armour are priced at end of day today:
GOOGL (has voting rights) at 721.46, GOOG at 705.84
UA (has voting rights) at 44.80, UA.C 42.16