The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Tax implication on GDT & JNJ deal Date:  4/5/2005  5:01 PM
Author:  CABob Number:  78319 of 127549

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.


Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us