Quote:
Originally Posted by joejoe8455
hi all i dont know anything about stocks and what not at all so im hoping someone could help me out here my grandfather recently passed away before he did thou he cashed in all his stocks except one for 5k shares with Archon Technologies i did a little bit of research and saw that 3M bought them out and im trying to find out if there worth anything........ can anyone help
|
joejoe we all are saddened by the passing of your Grandfather.
It looks like your Archon shares are now 3M shares. I do not know what the conversion rate was but for 1 share you own as of Friday March 19 would be worth $81.96. You will need to contact 3M with the numbers below or your Grandfathers broker to find out exactly how many share you have acquired. I hope this helps a little..
ST. PAUL, Minn--Aug. 1, 2006--3M announced today that it has completed the acquisition of Archon Technologies Inc., a Denver, Colo.-based provider of enterprise software solutions for motor vehicle agencies.
Archon's enterprise software systems manage and integrate motor vehicle agency operations including vehicle registration, titling, driver licensing, professional licensing, dealer credentialing and revenue management. This acquisition strengthens 3M's core solutions that help motor vehicle agencies operate more efficiently and deliver excellent customer service.
About 3M - A Global, Diversified Technology Company Every day, 3M people find new ways to make amazing things happen. Wherever they are, whatever they do, the company's customers know they can rely on 3M to help make their lives better. 3M's brands include Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti. Serving customers in more than 200 countries around the world, the people of 3M use their expertise, technologies and global strength to lead in major markets including consumer and office; display and graphics; electronics and telecommunications; safety, security and protection services; health care; industrial and transportation.
Contacts 3M, St. Paul Media Contact: Donna Fleming, 651-736-7646 or Investor Contacts: Matt Ginter, 651-733-8206 or Bruce Jermeland, 651-733-1807