Friday, July 23, 2010

The assets of the bankrupt Yukos oil company will be liquidated at an auction , what about it's shares price ?

Shareholders typically get nothing in a bankruptcy. There's a normal breakdown of priority, starting with secured creditors and bond holders. Owning a share is an equity stake. You don't own their debts. The exception could be convertible stock, which can be converted to debt in cases like this.

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