The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Stock buyout||Date: 2/5/1999 11:32 AM|
|Author: TMFTaxes||Number: 9539 of 123001|
[[I tried to see if there was any information on stock buyouts in the FAQ but I
couldn't find any so I will ask my question.]]
Thanks for lookin', Rusty. Not much there because the issues are very complex, and generally apply specifically to each different buyout, etc. So let's see what you are askin...
[[ In January of 1998 I bought 300 shares of GNT at $25 per share. GNT was
bought out by CNC in July and the shares were converted to 274 shares of
CNC (I can't remember the exact share price). However, there was $47.38 left
over which was placed as cash in my account.