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I own a few shares of AXA Financial (AXF) in a DRIP account. AXF is merging with AXA, currently it's parent corp. The offer to AXF shareholders is to receive .295 shares AXA and $33.75 per share for each share of AXF. I am assuming, of course, that the cash will be LT capital gains. What about the new AXA shares?

Thanks, Susan
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