The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Tax implication on GDT & JNJ deal||Date: 4/5/2005 5:01 PM|
|Author: CABob||Number: 78319 of 122300|
Q. What are the mechanics for shareholders to exchange their shares?
A. After the merger is completed, the exchange agent will send a letter of transmittal to each former Guidant stockholder. The transmittal letter will contain instructions for exchanging shares of Guidant common stock for cash and shares of Johnson & Johnson common stock as provided in the Merger Agreement. </i?
You should receive, shortly after the dust settles on the merger, information on how to handle the transaction. I have never been involved in a stock plus cash merger or acquisition so I can't be of more help, but, in any case, you must follow the direction provided which includes IRS treatment.
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