Re: Acquisition

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In Reply to: Acquisition posted by G Best on July 26, 2000 at 15:12:01:

: Company A acquired Company B. My tax basis for Company A is $13.64. The purchase price is $49. How will capital gains be computed?

Is there now only a company A? The capital gains would be based off your
cost basis in A and the price at which you sell A. The exact case depends
on the details of the acquisition. Did you get more shares in A when they
bought B?

Thanks,
Mark
--
Mark Beiley

Fund Manager for Windows 3.1x/95/98/NT

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