The company I worked for 20 years ago had given me stock options. When I resigned from the company, I had purchased the options that had vested with me. Subsequently bonus shares were allotted and my total holdings multiplied a few times in 5-6 years. After that I have not received any communication regarding the same.
2 years ago the company got acquired by another company and few months ago the acquiring company got acquired by another company. I had no communication of any of these events at the time they happened.
Subsequently I learnt of all these developments through an ex-colleague, that the vested shares of employees were paid in cash (only? - not sure).
Would like to know -
- Am I eligible for a payment, although it is delayed by 1.5-2 years? What are my rights ?
- In case I need to pursue this matter, whom should I contact - my old employer company (no contact information available) or the acquiring company ?
My employer company was privately held, unlisted company. I do not know the status of the acquiring companies though.
Thanks for any guidance.