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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (69161)10/17/1999 12:25:00 AM
From: John Dally  Read Replies (3) of 132070
 
Michael and all other thread wise guys, -g-

I have a friend who will have her FRTE stock converted into SUNW stock this coming WEDNESDAY due to a take-over.

Question: If she were to sell SUNW short on MONDAY (to lock in the current value of her FRTE holdings) would she be able to AVOID A TAXABLE EVENT until she decides to use the proceeds of the stock conversion to cover her short position some time in the (very distant) future?

Thanks in advance to all respondents! John.
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