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You are here: Experts > Money > Investing: Canada > Canadian Stocks > Ford of Canada
Expert: Steven Taylor
Date: 9/23/2008
Subject: Ford of Canada
Question
Hello: Could you give me some history for Ford of Canada stock certificates? I understand trading stopped in the mid 90s,and people holding Ford of Canada shares redeemed them for a fixed amount.Is this correct?
Thanks
Answer
Michael, I believe that is correct. Ford acquired the remaining Ford of Canada shares they did not already own in late 1995 for $185 per share. Some of the minority holders launched a court battle to get more money, but I don't believe the case went anywhere.
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