Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I got my proxy statement today. I suppose it is a legal necessity but I don't know if I have ever seen a vote that was in such little doubt. Quoting from the front page letter:

"Tyco, through TGN Holdings, currently owns approximately 89% of TyCom's outstanding shares and has agreed to vote its TyCom common shares in favor of approval of the amalgamation agreement."

I doubt that my shares will have much of an impact on the election here.

Anyway, I was surprised to see that the amalgamation will be a taxable exchange. See page 34 of the proxy. Right now TyCom is trading at about my average basis for it so it won't effect me much. However I guess that I will be hoping that Tyco's price drops, or at least doesn't go up much between now and the exchange to save a bit on taxes. Maybe we can get Tyce to help us here. ;-)

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.