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Contingent Value Right (CVRs) - what are these
stormy234
Posts: 1 Newbie
Hi,
My mother had shares in Ladbrokes which were replaced by shares in GVC Holdings. She now has two certificates for GVC Holdings: one is a "Share Certificate" and one is a "Contingent Value Right Certificate" (CVR).
From a brief search on the web it seems the CVR is some sort of right to future benefits or entitlements if a restructured company meets certain performance achievements.
I wondered:
1. Is there any value in the CVR certificate ?
2. If she sold the shares is she risking losing out on entitlements in the future, or is the actual chance of any future value of the CVR's very low?
Thanks!
My mother had shares in Ladbrokes which were replaced by shares in GVC Holdings. She now has two certificates for GVC Holdings: one is a "Share Certificate" and one is a "Contingent Value Right Certificate" (CVR).
From a brief search on the web it seems the CVR is some sort of right to future benefits or entitlements if a restructured company meets certain performance achievements.
I wondered:
1. Is there any value in the CVR certificate ?
2. If she sold the shares is she risking losing out on entitlements in the future, or is the actual chance of any future value of the CVR's very low?
Thanks!
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