Index: undo_old.c
===================================================================
--- undo_old.c	(revision 24471)
+++ undo_old.c	(revision 24472)
@@ -412,6 +412,7 @@
 	int type;
 	pcb_flag_t swap;
 	int must_redraw;
+	unsigned long oldflg;
 
 	/* lookup entry by ID */
 	type = pcb_search_obj_by_id(PCB->Data, &ptr1, &ptr2, &ptr3, Entry->ID, Entry->Kind);
@@ -432,14 +433,16 @@
 		if (pcb_undo_and_draw && must_redraw && (ptr1e != NULL))
 			pcb_erase_obj(type, ptr1e, ptr2);
 
-		if (obj->type == PCB_OBJ_TEXT)
+		if (obj->type == PCB_OBJ_TEXT) {
+			oldflg = obj->Flags.f;
 			pcb_text_flagchg_pre((pcb_text_t *)obj, Entry->Data.Flags.f, &txt_save);
+		}
 
 		obj->Flags = Entry->Data.Flags;
 		Entry->Data.Flags = swap;
 
 		if (obj->type == PCB_OBJ_TEXT)
-			pcb_text_flagchg_post((pcb_text_t *)obj, Entry->Data.Flags.f, &txt_save);
+			pcb_text_flagchg_post((pcb_text_t *)obj, oldflg, &txt_save);
 
 		if (pcb_undo_and_draw && must_redraw)
 			pcb_draw_obj((pcb_any_obj_t *)ptr2);