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[A sample of the useful information developed and shared by members of the independent HP/HPE Alumni Association. Join HPAA at no charge: https://www.hpalumni.org/join ]
Forgotten stock. You may not have been notified or paid.
Been getting questions from folks discovering stray Micro Focus stock...
If you owned any HPE stock on Sep 1, 2017, you received 13.7 American Depository Shares of Micro Focus (MFGP) per 100 HPE shares, due to the spinoff of HPE Software. Next, if you owned any MFGP on Apr 30, 2019, you received 0.8296 new MFGP "B" shares plus $4.30 cash, replacing each original "A" share, after Micro Focus sold the SUSE Linux business.
If you owned any Micro Focus (MFGP) stock on Jan 31, 2023... Micro Focus was bought for cash by OpenText at a 90% premium. Either $6.43 per MFGP "B" share was paid into your brokerage cash account or a check was mailed by Feb 14 2023. Details: https://www.hpalumni.org/StockMicroFocus
If you received Micro Focus shares between Sep 1, 2017 and Aug 28, 2019 -- as part of the Sep 1, 2017 HPE Software spinoff or otherwise -- you have a potential claim in the expected settlement of a shareholder class action lawsuit. Even if you didn't get a notice in the mail. No matter when you disposed of the MFGP shares (even if you held them until they were purchased by OpenText in Jan 2023) Very rough estimate of average payout: $0.39 per MFGP "A" ADS -- i.e. $5.30 for every 100 HPE shares owned on Sep 1, 2017. Claim deadline May 30, 2023. No fee to make a claim. How to claim: https://www.hpalumni.org/StockMicroFocusSuit
(There'll be a quiz on Friday.)
You may now have stock in HP, HPE, Agilent, Keysight, and DXC -- and may not have received cash payouts for Micro Focus and Perspecta. May have had stock in predecessor companies. Often in multiple accounts -- related to employee stock purchase, option and incentive plans over the years -- or in personal brokerage accounts. How to determine what stock you should have -- and find it: Stock Recovery Process https://www.Stock Recovery Process
If you know someone who is dealing with possible layoff or considering retirement: The independent HP/HPE Alumni website has pragmatic advice collected from alumni who have gone through past cycles -- including actions to quietly take now, even if you don't expect to be leaving. (Public website. No password required.) https://www.hpalumni.org/leaving
If formerly a regular, direct U.S. employee of HP or HPE -- or in the process of leaving: Updates and online forums with Q-and-A discussions on details of EER, WFR/Layoff, COBRA and retiree health benefits, transition to Medicare, stock, 401(k), pensions, and other financial issues. Join our forums by simply sending an email. No charge, thanks to our Supporting Members. (Also open to spouses, partners, and others receiving HP or HPE benefits.) https://www.hpalumni.org/join
[Feel free to forward. HPAA membership is not required to use the links.]
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