Thebossrf --
We can provide you a range in which the stock traded that day. If
you're seeking a valuation for tax purposes, generally the IRS will
accept the closing price as close enough for valuation estimates.
The New York Times on April 7, 1998 has Vlasic Foods trading in the
range of 21 5/8 - 23 ¾. The stock closed at 22, off 15/16 for the
day.
For valuation purposes, the 219 shares could be estimated to be worth
$4,818 or $22 per share. However, if you can get the records from the
brokerage house that conducted the trade, you can ADD the cost of the
stock commissions to your basis price (and of course get the actual
price of the stock purchased).
The 12-month trading range on the NYSE was 21 3/8 - 27.
The following background information is taken from the company's last
annual report for FY 2001:
"Vlasic Foods International Inc. was created through a
tax-free spin-off of various food businesses from Campbell Soup
Company on March 30, 1998.
The Company and its United States operating subsidiaries voluntarily
filed for bankruptcy protection on January 29, 2001. During April
2001 and May 2001, all businesses of the Company were sold. No
operating businesses remain."
SEC Edgar
Vlasic Foods FY 2001 Annual Report/Form 10-K
http://www.sec.gov/Archives/edgar/data/1056312/000089322001500875/w54344ae10-k405.txt
The Vlasic-branded products in the market are now owned by H.J. Heinz.
Google search strategy:
For this search, I used the NY Times from April 7, 1998. The NY Times
is available at many public libraries online via the Proquest
Historical Newspaper collection. The NYSE listings start on page D14
of that day's paper, should you need to acquire and print a copy for
your tax records.
There are some resources for looking up stocks that are no longer
traded, but you'll need to know the stock symbol for Vlasic (NYSE:
VL):
Big Charts
"Historical Quotes"
http://bigcharts.marketwatch.com/historical/
Yahoo also allows one to look up historical stock quotes on its
Finance site, but it requires registration:
Yahoo Finance
http://www.finance.yahoo.com/
In the Yahoo case you start by requesting a CURRENT quote for a stock
symbol, then once it's returned there's a menu allowing you to pull up
a HISTORICAL quote.
Best regards,
Omnivorous-GA |
Clarification of Answer by
omnivorous-ga
on
27 Nov 2003 09:15 PST
The last information is taken from the company's last
annual report for FY 2001 should be sufficient evidence to show that
the current value of Vlasic Foods (NYSE: VL) common stock is zero. As
the following from the report indicates, common shareholders were left
with no proceeds after the reorganization under bankruptcy rules:
" As described in the Disclosure Statement, including Article V
thereof, the proceeds from the sales of the Company's businesses and
assets are insufficient to pay creditors in full. Accordingly, the
Plan does not provide for any distributions to holders of Company
common stock. Such stock shall be cancelled on the effective date of
the Plan. After fully paying administrative, priority tax claims,
other priority claims and secured claims, the remaining proceeds from
the liquidation of estate assets, which are expected to include
warrants to be issued by Pinnacle Foods Holding Corporation pursuant
to the sale of the
North American Business, will be distributed in accordance with the
provisions of the Plan. As required by applicable bankruptcy law, the
Disclosure Statement contains an analysis of distributions to be made
to creditors under the Plan. This analysis, together with notes and
qualifications, is contained in Exhibit B of the Disclosure Statement
and is incorporated herein by reference. The recovery to general
unsecured creditors, although not fixed at this time, and
subject to change, is projected to be approximately 25%."
SEC Edgar
Vlasic Foods FY 2001 Annual Report/Form 10-K
http://www.sec.gov/Archives/edgar/data/1056312/000089322001500875/w54344ae10-k405.txt
My apologies for mis-interpreting this question on first pass.
Best regards,
Omnivorous-GA
|
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