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What happens to the stocks of a bankrupt company if the company is bought by some other company?

Posted by Eric LeRiche | February 23, 2010 .

Nishant asked: What happens to the stocks of a bankrupt company if the company is bought by some other company. I am plaaning to buy stocks of Bearing point. The company is bankrupt now and selling its operations across the globe. What will happen to my stocks if I buy them?Sylvie L.