Western Union International, Inc. - Spin-off Co. Stock Certificate - Acquired by American Securities then Xerox
Inv# TT1006 StockTelegraph Stock printed by American Banknote Company. Green or Orange Type Available. Please specify color. Rare!!! In 1963, Western Union organized its international cable system properties and its right-of-way for connecting international telegraph lines into a separate company called Western Union International (WUI), which it sold that year to American Securities.
In 1967, American Securities listed WUI as a publicly traded company on the New York Stock Exchange. WUI was acquired by Xerox for $207 million in stock in 1979 and subsequently sold for $185 million in cash to MCI Communications in 1981. MCI renamed WUI to MCI International, ceasing the use of Western Union branding. Read more at https://en.wikipedia.org/wiki/Western_Union#Western_Union_International_spin-off
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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