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Brown Cafe UPS Forum
UPS Partners
$200 stock price then stock split
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<blockquote data-quote="Popeye" data-source="post: 4831146" data-attributes="member: 29236"><p>Wrong. Same company, just a name change. The name change occurred quite a few years after the IPO. The thrift plan didn’t contain UPS stock. When it was disbanded hourlies had the option of buying UPS stock with the proceeds. “Brown shares” weren’t given to Teamsters. The only way Teamsters would have been able to get them is if a management person who received them transferred them to the Teamster for some reason. Brown shares were not inside the trust that held all later UPS shares prior to the IPO, so they could be transferred to anyone. Shares inside the trust could only be sold back to UPS.</p></blockquote><p></p>
[QUOTE="Popeye, post: 4831146, member: 29236"] Wrong. Same company, just a name change. The name change occurred quite a few years after the IPO. The thrift plan didn’t contain UPS stock. When it was disbanded hourlies had the option of buying UPS stock with the proceeds. “Brown shares” weren’t given to Teamsters. The only way Teamsters would have been able to get them is if a management person who received them transferred them to the Teamster for some reason. Brown shares were not inside the trust that held all later UPS shares prior to the IPO, so they could be transferred to anyone. Shares inside the trust could only be sold back to UPS. [/QUOTE]
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$200 stock price then stock split
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