CompuServe Messages

>>I'm not dead certain, but I am pretty sure that any corp that is traded on the >>NYSE must be an entity in and of itself. Perhaps CIL is an international corp >>with minority holdings in CBM US. mmh, I think not. Note that there both ADR (american depository receipts) like BP and HANSON etc.. traded on the NYSE as well as cross-listed canadian stocks. An issuing of stock can call on all of a corporations assets, or just some of them…or sometimes simply shadows a lump of shares set aside in the companies home market. i.e. If you buy BP Shares you are essentially buying a shadow stock that tracks the underlying UK stock but does NOT give you voting rights. Phillips could buy Commodore if they buy all of the assets or stock of the company. This is true wherever the company is legally located.