Hello, I may not totally understand what is happening today . . . is this like a dividend where only holders as of a particular date will receive the increase in value and others are out of luck? What if one were to have bought shares yesterday or even a week ago? I would appreciate anyone's explanation. Thank you!
Depends on your brokerage's interpretation of Valero's announcement. Some people who bought yesterday received CST shares today. So far, we have heard that Merrill Lynch and Scottrade are the big scofflaws; others are lagging in partial share credits.