Pretty sure it is not half. Think it is a function of the last close of ABT as a combined company vs. the market price per share of the two seperate. Just to get a number while awaiting more official word I used the following values to adjust basis for the two new co's. ABT pre-spin close value $65.5. ABT (new) open $31.34, ABBV open $34.16. New ABT basis factor: $31.34/$65.5 = 47.847% of original ABT basis. ABBV basis factor: $34.16/$65.5 = 52.153% of original ABT basis. Applied this approach to each position. Haven't dealt with a deal like this before so I too am looking for confimation on basis adjustment. Best Regards
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