I have a paper stock certificate for Yahoo with them being sold recently what will happen? Will I just get a check in the mail? Will I need to do something?
The sale has not gone through yet. It is likely to be concluded by Q1 2017. Quite a few things will be more clear then.
Generally they way it looks like from the news is; There are 3 aspects ...
- Portion that got sold to Verizon, you may get cash [not sure if these get converted into equivalent shares of Verizon for minority holders]
- Cash that Yahoo has as reserves, Yahoo has mentioned this will be paid back to share holders.
- The left over company will continue to operate as different brand [than yahoo]. So you will have same number of existing shares under a new name.
Even if you have paper shares, it is still the same. It may take longer for the Companies to factor this and may involve you returning the original share certificates for cash and new shares in left over company.
It is advisable if you get this converted into electronic form, then most of the process will be seamless.